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Mugaha Creek Project 
Presented by 
Mitch Mortensen 
Snowshoe Mountain Resources Corp 
P/O Box 948 
Mackenzie, B.C. 
V0J 2C0 
250 988 1325
Contents 
Summary ....................................................................................................................................................... 3 
Introduction .................................................................................................................................................. 3 
Property Description and Location ........................................................................................................... 3 
Tenure Location (Map A) .............................................................................................................................. 4 
Tenure Location (Map B) .............................................................................................................................. 5 
Tenure Detail and Topography (Map) .......................................................................................................... 6 
History ........................................................................................................................................................... 7 
Geology ......................................................................................................................................................... 8 
Geoscience Geochemistry map for Gold (extrapolated from report) .......................................................... 9 
2014 Exploration Program .......................................................................................................................... 10 
Exploration Program (Map A) ..................................................................................................................... 11 
Exploration Program (Map B) ..................................................................................................................... 12 
Placer Bulk Testing/Production Potential 2014/2015 ................................................................................ 13 
2014 Exploration Program Initial Cost Estimates ....................................................................................... 14 
2014 Exploration Program Cost Estimates Expanded ............................................................................. 14 
Placer Bulk Testing/Production Potential 2014/2015 Performa ................................................................ 15 
Full Production Performa (General Program) ............................................................................................. 17
Summary 
The Mugaha Creek Properties are both placer and mineral prospects, located east of the confluence of 
Mugaha Creek and Williston Lake. 
Following the research of several reports in this area, and hand testing in 2012 through 2013, it has been 
decided to propose this mechanical exploration program for 2014. Included with this proposal is the 
outline for a production program. 
The purpose of this presentation is to outline a verification process of the previous hand testing with the 
potential of production (pending investors) within the first year of mechanical testing. The Results of this 
testing will be sent to a Geologist for the purpose of a prospectus report. 
The prospectus report will enable Snowshoe Mountain Resources Corp to be merged into a public 
company on the OTC markets in the United States. Upon a successful merger, it will be likely to raise 
public funds to purchase equipment and other start up costs associated with a project of this magnitude 
Introduction 
The ArthurJames/Two and a Half Shovels, Old School/GoldenEight claims of the lower Mugaha Creek 
valley and Homeland/Heartland of the upper Mugaha Creek valley are 100% owned by Mitch Mortensen. 
Mr Mortensen has been exploring this region since 2008, staked these claims in 2012 and has been hand 
testing this area since. 
Property Description and Location 
The Lower Mugaha Creek property consists of 7 MTO placer cells called ArthurJames Claim 
Tenure#951169 (128.50Hectares), 4 MTO placer cells called OldSchool Tenure#1027578 (73.41 
Hectares), 4 MTO Mineral Cells called Two and a Half Shovels Claim Tenure# 1018495 (73.43Hectares) 
and GoldenEight Tenure#1027580 (73.41Hectares). 
all claims complete the rights to two zones of potential. 
The upper Mugaha creek Property consists of 1 MTO placer cell called Homeland Claim Tenure#1018306 
(18.35Hectares) and 1 MTO Mineral Cell called Heartland Claim Tenure#1018408(18.35Hectares) 
Please note the Homeland/Heartland claims are still in preliminary testing phase and expansion of these 
claims is intended. 
Lat 55*25'20.0" Long -123*7'34.4" NTS 93O 045 map number, BCGS 093O/06 map sheet number 
The properties are located 15km north of Mackenzie, BC. Access to all claims is good with the Forestry 
road running through the middle of the lower Mugaha Creek claims. The Lower Mugaha Creek property 
is heavily forested on the north side of the road and dips steeply down to Mugaha Creek. The south side 
of the road is clear cut and flat in the test pit zone.
Tenure Location 
0 175 350 km. 
Legend 
This map is a user generated static output from an Internet mapping site and is for general 
reference only. Data layers that appear on this map may or may not be accurate, current, or 
otherwise reliable. THIS MAP IS NOT TO BE USED FOR NAVIGATION. 
Scale: 1:10,000,000 
Map center: 54°20' N, 125°25' W
Location Map 
0 1.75 3.5 km. 
Legend 
This map is a user generated static output from an Internet mapping site and is for general 
reference only. Data layers that appear on this map may or may not be accurate, current, or 
otherwise reliable. THIS MAP IS NOT TO BE USED FOR NAVIGATION. 
Notes: Red Stars: Tenure# 951169 to Mackenzie Hospital 
Scale: 1:100,000 
Map center: 55°22' N, 123°5' W
Tenure Detail and Topography 
0 175 350 m. 
Legend 
This map is a user generated static output from an Internet mapping site and is for general 
reference only. Data layers that appear on this map may or may not be accurate, current, or 
otherwise reliable. THIS MAP IS NOT TO BE USED FOR NAVIGATION. 
Scale: 1:10,000 
Map center: 55° 25' 20" N, 123° 7' 34" W
History 
There is limited historical information for the Mugaha Creek area. However, what information is 
available has been quite valuable and credible. 
From a press release by Quantum Minerals 
"During the years 2003 to 2006, extensive geochemical surveys outlined a number of gold-in-soil 
anomalies southeast of Mugaha Creek in an area of extensive vegetation and overburden cover. One of 
these anomalies was investigated by hand trenching and outlined a number of narrow, mineralized 
quartz veins in sheared and faulted slate and siltstone. At least 3 to 5 veins were outlined and could be 
traced intermittently for about 120 meters along strike and remain open in both directions. Gold values 
are highly erratic and metallic screening analyses indicate that a significant amount of the values occur 
as free gold. Mineralized veins are generally sheared and highly fractured and contain sporadic pyrite 
and base metal sulfides. Eight of 13 trenches cut mineralized quartz veins and values ranged from less 
that 1 g/t gold over 1.0 meter to a maximum of 139.1 g/t gold over 1.0 meter. Thirteen separate sample 
intervals contained values of greater than one g/t over one meter. Trench 5 contained a total of 5 
separate mineralized veins averaging 1 meter wide over a total width of 15 meters. 
The characteristics of the Mugaha property mineralization are interpreted to be consistent with the 
sediment hosted vein gold deposit model. Mineral deposits of this type contain some of the largest 
concentrations of gold worldwide; e.g. Muruntau, Uzbekistan - 80 million oz; Sukhoy Log, Russia – 20 
million oz.; Bendigo-Ballarat district, Australia – 20 million oz; Macraes Flat, Otago Schist Belt, New 
Zealand – 5.2 million oz. 
At the Mugaha property only one of approximately 25 gold-in-soil anomalies within an area measuring 5 
km by 3 km has been partially explored by trenching. There is therefore excellent potential for the 
discovery of similar gold mineralization. 
The technical content of this news release has been reviewed and approved by James M. Dawson, P. Eng 
who is a qualified person as defined by National Instrument 43-101"
Geology 
The properties are underlain by weakly metamorphosed and complexly deformed rocks of the Upper 
Proterozoic Misinchinka Group. The Misinchinka Group consists of a thick monotonous sequence of 
siliciclastic and lesser carbonate rocks of turbidite affinity deposited on the western margin of ancestral 
North America. 
Geochemical studies by quest show a map 
(http://www.geosciencebc.com/i/project_data/QUESTdata/GBCReport2009-3/map_2009_3_4_au.pdf) 
Included on the legend "Note: This geochemical interpretation map was produced by blending multiple surveys 
collected over a period of nearly 30 years, using different sample media (lake and stream sediments) and different 
laboratory techniques" 
and report 
(http://www.geosciencebc.com/i/project_data/QUESTdata/GBCReport2009-3/GBC_Report_2009-3.pdf) 
Page 11 of the Quest Report shows a localized high readings of AU as great as 1000ppb in and around 
Mugaha Creek 
Samples Retrieved, pending assay should verify local mineriaztion and potential placer deposits 
(This mineralized quartz sample was found on ArthurJames/Two and a Half Shovels Claims. Note the 
sharp edging indicating limited displacement by glacial movements.) 
(This Mineralized quartz sample was found on Homeland/Heartland claims. Note the facing portion is a 
chiselled cross section. The outer sharp edging also indicates limited displacement by glacial movements)
Figure 5: Levelled gold assays from stream and lake sediments. 
10 of 26
2014 Exploration Program 
Following a hand test of a depth of 8 feet in the 2013 season that revealed significant black sand (Iron) 
and very fine gold, a more extensive (mechanical) testing program to reach greater depth is hereby 
presented. 
The exploration program for the ArthurJames/Two and a Half Shovels Claims and 
OldSchool/GoldenEight are a series of Test pits as a means to identify/clarify an old Mugaha Creek 
channel and placer deposits associated. 
1-10 mechanical test pits 25ft by 25ft (to a max depth of 25 feet on tenure 951169 and 1-3 mechanical 
test pits 25 feet by 25 feet to a max depth of 25 feet test pits on tenure 1027578 which are intended as 
settling ponds. 
Reclamation will be concurrent with operations. 
Although depth desired for each test pit is bedrock, maximum machine depth recommended for this 
type of testing is 6-15meters (20-50feet). 
Two sets of raw samples will be taken at a systematic process. 
One five gallon pail per 1.5meters (5feet) or more frequent depending on geological features. 
The first set of samples will be assessed via panning method onsite. The second set of samples will be 
exported for assay. 
The results of the first set of samples assessed onsite may adjust the dynamics of the testing/sampling 
program by; 
• Test holes met with feasible value will be set up for bulk testing 
• Some Test holes met with little or no value will be utilized into adequate ground water source 
settling ponds and potential layout for initial processing and eventual full production status. 
The results of the second set of samples will be to verify field results by a credible laboratory for investor 
review. 
Discovering Mineralized quartz veins in this testing area is not expected. Should quartz veining be 
discovered, samples will be obtained for assay.
Exploration Program 
0 175 350 m. 
Legend 
This map is a user generated static output from an Internet mapping site and is for general 
reference only. Data layers that appear on this map may or may not be accurate, current, or 
otherwise reliable. THIS MAP IS NOT TO BE USED FOR NAVIGATION. 
Notes: Red Stars: Proposed Test Pits 
Blue Star: Staging 
Scale: 1:10,000 
Map center: 55° 25' 20" N, 123° 7' 34" W
Proposed work map 
0 350 700 m. 
Legend 
This map is a user generated static output from an Internet mapping site and is for general 
reference only. Data layers that appear on this map may or may not be accurate, current, or 
otherwise reliable. THIS MAP IS NOT TO BE USED FOR NAVIGATION. 
Notes: Red Star: proposed test pit(s) 
Green Star: proposed wash plant and settling ponds 
Scale: 1:20,000 
Map center: 55° 25' 43" N, 123° 7' 16" W
Placer Bulk Testing/Production Potential 2014/2015 
For this report: 
• Although exploration in this area is limited to a max of 180days x 10hr per day season. 
• Gold recovery estimates will be based on average figures available per location 
• Gold values will be set at a base rate of $1200 per troy ounce. (Below current market values) 
• Daily gold recoveries will be based on a Goldlands Processor Hybrid capable of washing 25yrds 
per hour 
Each test pit will consist of 10hrs digging at a specific location. The goal is to identify over burden depths, 
pay layers and depth to bedrock 
Each Test pit that will be bulk sampled will consist of 10hrs processing material using the Goldlands 
Hybrid Processor. 
The Hybrid processor is capable of 250yrds per day based on a 10 hour day. There is potential to reach 
15 days (with current budget) processing material at 250yrds per day totaling 3750yrds 
Potential Recovery of Gold for 2014/2015 Processed Test Pits 
Daily yards 
Grams 
Daily 
processed 
Gold 
Recovered 
bulk sample 
Per yrd 
Gold 
Daily Value of 
gold at $1200 
per ounce (38.70 
per gram) 
250 .1 25.00 Grams $967.50 
250 .14 35.00 Grams $1354.50 
250 .31 77.50 Grams $2999.25 
250 .93 232.50 Grams $8997.75 
250 1.2 300.00 Grams $11610.00 
Should the test pits prove favorable, The pay layer will be strategically extracted and transported by 
dump trucks to Tenure1027578 where 1-3 test pits will be utilized as settling ponds. The nearby creek 
flows year round and will serve as a suitable water source. The settling ponds and operations will be set 
up to recycle water in a contained system. The test pit area on Tenure #951169 for the first year is 
50meters long by 30meters width. I estimate the old creek system of placer deposit to be 10-15 meters 
wide by 250meters long. This work area is also within the proposed ROW for TransCanada Pipeline 
project. Reclamation work will be concurrent with operations, however the level of reclamation could 
be considered within the context that the pipeline itself will cause greater disturbance than myself and 
will require reclamation work following their operations anyway. Operations on both claims utilize 
logged cut blocks and existing roads for access. 
Some of the tailings will be used for road maintenance.
2014 Exploration Program Initial Cost Estimates 
Reclamation Bond $5000.00 
Prospectus Report $2000.00 
Assays $3000.00 
Excavator $1000 per day x 30 $30,000.00 
Misc $10,000 
Total $50,000 
2014 Exploration Program Cost Estimates Expanded 
Goldlands Processor $50,000 
New Total $100,000
Mining Operations Performa 
$1.00 /$US Fuel consumption Wage rates Equipment use 
$50 US per yard Excavator 10 gal/hour Super $35/hour Excavator Test pits/feeding 
$1,500 US per ounce Operator $25/hour 
30 yards per hour 
70 hours per week 
Assumptions: 
Apr 4 Apr 11 Apr 18 Apr 25 May 1 May 8 May 15 May 22 May 29 Jun 5 Jun 12 Jun 19 Jun 26 Jul 3 Jul 10 Jul 17 Jul 24 Jul 31 Aug 7 
week ending 
Est Equipment Maintenence/Repairs/Replacement 
Rock Truck $0 /hour $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Excavator $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
Excavator $0 /hour $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
D8 Cat $0 /hour $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
980 loader $0 /hour $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Wash Plant $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
2 Pumps $15 /hour $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 
Generator $5 /hour $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
Micellaneous $5 /hour $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
---- ---------------------- -------------- ------------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- 
Weekly $22,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 
Cumulative $22,750 $31,500 $40,250 $49,000 $57,750 $66,500 $75,250 $84,000 $92,750 $101,500 $110,250 $119,000 $127,750 $136,500 $145,250 $154,000 $162,750 $171,500 $180,250 
Est Fuel consumption 
Diesel $5 /gallon $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 
Gas $5.00 /gallon 
---- ---------------------- -------------- ------------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- 
Weekly $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 
Cumulative $4,000 $8,000 $12,000 $16,000 $20,000 $24,000 $28,000 $32,000 $36,000 $40,000 $44,000 $48,000 $52,000 $56,000 $60,000 $64,000 $68,000 $72,000 
Est Personnel 
Superintendent $2,450 /week $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 
Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
Operator $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Operator $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Operator $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Operator $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Labor $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Labor $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Mechanic $350 /week $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
Geologist/Assayer $600 /week $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 
Benefits 0 percent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
---- ---------------------- -------------- ----------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- 
Weekly $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 
Cumulative $5,150 $10,300 $15,450 $20,600 $25,750 $30,900 $36,050 $41,200 $46,350 $51,500 $56,650 $61,800 $66,950 $72,100 $77,250 $82,400 $87,550 $92,700 $97,850 
Est Support 
Room 
Board 
Administration $1,400 /week $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 
---- ---------------------- -------------- -------------- -------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- 
Weekly $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 
Cumulative $1,400 $2,800 $4,200 $5,600 $7,000 $8,400 $9,800 $11,200 $12,600 $14,000 $15,400 $16,800 $18,200 $19,600 $21,000 $22,400 $23,800 $25,200 $26,600 
Yards mined weekly 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 
cumulative 2100 4200 6300 8400 10500 12600 14700 16800 18900 21000 23100 25200 27300 29400 31500 
Ounces produced weekly 70 70 70 70 70 70 70 70 70 70 70 70 70 70 70 
cumulative 70 140 210 280 350 420 490 560 630 700 770 840 910 980 1050 
Costs ($Cdn) weekly $29,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 
cumulative $29,300 $48,600 $67,900 $87,200 $106,500 $125,800 $145,100 $164,400 $183,700 $203,000 $222,300 $241,600 $260,900 $280,200 $299,500 $318,800 $338,100 $357,400 $376,700 
Revenue ($US) weekly $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 
cumulative $105,000 $210,000 $315,000 $420,000 $525,000 $630,000 $735,000 $840,000 $945,000 $1,050,000 $1,155,000 $1,260,000 $1,365,000 $1,470,000 $1,575,000 
Income ($Cdn) weekly ($29,300) ($19,300) ($19,300) ($19,300) $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 
cumulative ($29,300) ($48,600) ($67,900) ($87,200) ($1,500) $84,200 $169,900 $255,600 $341,300 $427,000 $512,700 $598,400 $684,100 $769,800 $855,500 $941,200 $1,026,900 $1,112,600 $1,198,300 
CARIBOO PROFORMA DRAFT 1 - 14/01/2014
Aug 14 Aug 21 Aug 28 Sep 4 Sep 11 Sep 18 Sep 25 Oct 2 Oct 9 Oct 16 Oct 23 Oct 30 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
$1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 
$350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
$350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ 
$8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 
$189,000 $197,750 $206,500 $215,250 $224,000 $232,750 $241,500 $250,250 $259,000 $267,750 $276,500 $285,250 
$4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 
----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ 
$4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 
$76,000 $80,000 $84,000 $88,000 $92,000 $96,000 $100,000 $104,000 $108,000 $112,000 $116,000 $120,000 
$2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 
$1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
$350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
$600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ 
$5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 
$103,000 $108,150 $113,300 $118,450 $123,600 $128,750 $133,900 $139,050 $144,200 $149,350 $154,500 $159,650 
$1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 
----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ 
$1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 
$28,000 $29,400 $30,800 $32,200 $33,600 $35,000 $36,400 $37,800 $39,200 $40,600 $42,000 $43,400 
2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 
33600 35700 37800 39900 42000 44100 46200 48300 50400 52500 54600 56700 
70 70 70 70 70 70 70 70 70 70 70 70 
1120 1190 1260 1330 1400 1470 1540 1610 1680 1750 1820 1890 
$19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 
$396,000 $415,300 $434,600 $453,900 $473,200 $492,500 $511,800 $531,100 $550,400 $569,700 $589,000 $608,300 
$105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 
$1,680,000 $1,785,000 $1,890,000 $1,995,000 $2,100,000 $2,205,000 $2,310,000 $2,415,000 $2,520,000 $2,625,000 $2,730,000 $2,835,000 
$85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 
$1,284,000 $1,369,700 $1,455,400 $1,541,100 $1,626,800 $1,712,500 $1,798,200 $1,883,900 $1,969,600 $2,055,300 $2,141,000 $2,226,700 
CARIBOO PROFORMA DRAFT 1 - 14/01/2014
Mining Operations Performa 
$1.00 /$US Fuel consumption Wage rates Equipment use 
$50 US per yard Rock Truck 10 gal/hour Super $35/hour D8 stripping 
$1,500 US per ounce D8 cat 10 gal/hour Operator $25/hour Excavator Loading 
980 loader 10 gal/hour Tender/Tech $15/hour Rock Truck Transport 
Assumptions: 
60 yards per hour Excavator 10 gal/hour Excavator feeding 
70 hours per week Loader tails 
Apr 4 Apr 11 Apr 18 Apr 25 May 1 May 8 May 15 May 22 May 29 Jun 5 Jun 12 Jun 19 Jun 26 Jul 3 Jul 10 Jul 17 Jul 24 Jul 31 Aug 7 
Mobilization 
week ending 
Est Equipment Maintenence/Repairs/Replacement 
Rock Truck $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
Excavator $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
Excavator $50 /hour $3,500 $3,500 $3,500 $3,500 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
D8 Cat $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
980 loader $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
Wash Plant $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
2 Pumps $15 /hour $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 
Generator $5 /hour $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
Micellaneous $5 /hour $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
---- ---------------------- -------------- ------------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- 
Weekly $22,750 $22,750 $22,750 $22,750 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 
Cumulative $22,750 $45,500 $68,250 $91,000 $112,000 $133,000 $154,000 $175,000 $196,000 $217,000 $238,000 $259,000 $280,000 $301,000 $322,000 $343,000 $364,000 $385,000 $406,000 
Est Fuel consumption 
Diesel $5 /gallon $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 
Gas $5.00 /gallon 
---- ---------------------- -------------- ------------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- 
Weekly $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 
Cumulative $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 $220,000 $240,000 $260,000 $280,000 $300,000 $320,000 $340,000 $360,000 
Est Personnel 
Superintendent $2,450 /week $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 
Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
Labor $1,050 /week $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 
Labor $1,050 /week $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 
Mechanic $350 /week $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
Geologist/Assayer $600 /week $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 
Benefits 0 percent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
---- ---------------------- -------------- ----------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- 
Weekly $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 
Cumulative $14,250 $28,500 $42,750 $57,000 $71,250 $85,500 $99,750 $114,000 $128,250 $142,500 $156,750 $171,000 $185,250 $199,500 $213,750 $228,000 $242,250 $256,500 $270,750 
Est Support 
Room 
Board 
Administration $3,500 /week $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
---- ---------------------- -------------- -------------- -------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- 
Weekly $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
Cumulative $3,500 $7,000 $10,500 $14,000 $17,500 $21,000 $24,500 $28,000 $31,500 $35,000 $38,500 $42,000 $45,500 $49,000 $52,500 $56,000 $59,500 $63,000 $66,500 
Yards mined weekly 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 
cumulative 4200 8400 12600 16800 21000 25200 29400 33600 37800 42000 46200 50400 54600 58800 63000 
Ounces produced weekly 140 140 140 140 140 140 140 140 140 140 140 140 140 140 140 
cumulative 140 280 420 560 700 840 980 1120 1260 1400 1540 1680 1820 1960 2100 
Costs ($Cdn) weekly $40,500 $60,500 $60,500 $60,500 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 
cumulative $40,500 $101,000 $161,500 $222,000 $280,750 $339,500 $398,250 $457,000 $515,750 $574,500 $633,250 $692,000 $750,750 $809,500 $868,250 $927,000 $985,750 $1,044,500 $1,103,250 
Revenue ($US) weekly $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 
cumulative $210,000 $420,000 $630,000 $840,000 $1,050,000 $1,260,000 $1,470,000 $1,680,000 $1,890,000 $2,100,000 $2,310,000 $2,520,000 $2,730,000 $2,940,000 $3,150,000 
Income ($Cdn) weekly ($40,500) ($60,500) ($60,500) ($60,500) $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 
cumulative ($40,500) ($101,000) ($161,500) ($222,000) ($70,750) $80,500 $231,750 $383,000 $534,250 $685,500 $836,750 $988,000 $1,139,250 $1,290,500 $1,441,750 $1,593,000 $1,744,250 $1,895,500 $2,046,750 
Processing plant 
Feeder to trommel 
Trommel to perpetual Sonic Concentrator 
CARIBOO PROFORMA DRAFT 1 - 14/01/2014
Aug 14 Aug 21 Aug 28 Sep 4 Sep 11 Sep 18 Sep 25 Oct 2 Oct 9 Oct 16 Oct 23 Oct 30 
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
$1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
$1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 
$350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
$350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ 
$21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 
$427,000 $448,000 $469,000 $490,000 $511,000 $532,000 $553,000 $574,000 $595,000 $616,000 $637,000 $658,000 
$20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 
----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ 
$20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 
$380,000 $400,000 $420,000 $440,000 $460,000 $480,000 $500,000 $520,000 $540,000 $560,000 $580,000 $600,000 
$2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 
$1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
$1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
$1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
$1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
$1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 
$1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 
$1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 
$350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 
$600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ 
$14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 
$285,000 $299,250 $313,500 $327,750 $342,000 $356,250 $370,500 $384,750 $399,000 $413,250 $427,500 $441,750 
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ 
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 
$70,000 $73,500 $77,000 $80,500 $84,000 $87,500 $91,000 $94,500 $98,000 $101,500 $105,000 $108,500 
4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 
67200 71400 75600 79800 84000 88200 92400 96600 100800 105000 109200 113400 
140 140 140 140 140 140 140 140 140 140 140 140 
2240 2380 2520 2660 2800 2940 3080 3220 3360 3500 3640 3780 
$58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 
$1,162,000 $1,220,750 $1,279,500 $1,338,250 $1,397,000 $1,455,750 $1,514,500 $1,573,250 $1,632,000 $1,690,750 $1,749,500 $1,808,250 
$210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 
$3,360,000 $3,570,000 $3,780,000 $3,990,000 $4,200,000 $4,410,000 $4,620,000 $4,830,000 $5,040,000 $5,250,000 $5,460,000 $5,670,000 
$151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 
$2,198,000 $2,349,250 $2,500,500 $2,651,750 $2,803,000 $2,954,250 $3,105,500 $3,256,750 $3,408,000 $3,559,250 $3,710,500 $3,861,750 
CARIBOO PROFORMA DRAFT 1 - 14/01/2014

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Mugaha Creek ProjectA

  • 1. Mugaha Creek Project Presented by Mitch Mortensen Snowshoe Mountain Resources Corp P/O Box 948 Mackenzie, B.C. V0J 2C0 250 988 1325
  • 2. Contents Summary ....................................................................................................................................................... 3 Introduction .................................................................................................................................................. 3 Property Description and Location ........................................................................................................... 3 Tenure Location (Map A) .............................................................................................................................. 4 Tenure Location (Map B) .............................................................................................................................. 5 Tenure Detail and Topography (Map) .......................................................................................................... 6 History ........................................................................................................................................................... 7 Geology ......................................................................................................................................................... 8 Geoscience Geochemistry map for Gold (extrapolated from report) .......................................................... 9 2014 Exploration Program .......................................................................................................................... 10 Exploration Program (Map A) ..................................................................................................................... 11 Exploration Program (Map B) ..................................................................................................................... 12 Placer Bulk Testing/Production Potential 2014/2015 ................................................................................ 13 2014 Exploration Program Initial Cost Estimates ....................................................................................... 14 2014 Exploration Program Cost Estimates Expanded ............................................................................. 14 Placer Bulk Testing/Production Potential 2014/2015 Performa ................................................................ 15 Full Production Performa (General Program) ............................................................................................. 17
  • 3. Summary The Mugaha Creek Properties are both placer and mineral prospects, located east of the confluence of Mugaha Creek and Williston Lake. Following the research of several reports in this area, and hand testing in 2012 through 2013, it has been decided to propose this mechanical exploration program for 2014. Included with this proposal is the outline for a production program. The purpose of this presentation is to outline a verification process of the previous hand testing with the potential of production (pending investors) within the first year of mechanical testing. The Results of this testing will be sent to a Geologist for the purpose of a prospectus report. The prospectus report will enable Snowshoe Mountain Resources Corp to be merged into a public company on the OTC markets in the United States. Upon a successful merger, it will be likely to raise public funds to purchase equipment and other start up costs associated with a project of this magnitude Introduction The ArthurJames/Two and a Half Shovels, Old School/GoldenEight claims of the lower Mugaha Creek valley and Homeland/Heartland of the upper Mugaha Creek valley are 100% owned by Mitch Mortensen. Mr Mortensen has been exploring this region since 2008, staked these claims in 2012 and has been hand testing this area since. Property Description and Location The Lower Mugaha Creek property consists of 7 MTO placer cells called ArthurJames Claim Tenure#951169 (128.50Hectares), 4 MTO placer cells called OldSchool Tenure#1027578 (73.41 Hectares), 4 MTO Mineral Cells called Two and a Half Shovels Claim Tenure# 1018495 (73.43Hectares) and GoldenEight Tenure#1027580 (73.41Hectares). all claims complete the rights to two zones of potential. The upper Mugaha creek Property consists of 1 MTO placer cell called Homeland Claim Tenure#1018306 (18.35Hectares) and 1 MTO Mineral Cell called Heartland Claim Tenure#1018408(18.35Hectares) Please note the Homeland/Heartland claims are still in preliminary testing phase and expansion of these claims is intended. Lat 55*25'20.0" Long -123*7'34.4" NTS 93O 045 map number, BCGS 093O/06 map sheet number The properties are located 15km north of Mackenzie, BC. Access to all claims is good with the Forestry road running through the middle of the lower Mugaha Creek claims. The Lower Mugaha Creek property is heavily forested on the north side of the road and dips steeply down to Mugaha Creek. The south side of the road is clear cut and flat in the test pit zone.
  • 4. Tenure Location 0 175 350 km. Legend This map is a user generated static output from an Internet mapping site and is for general reference only. Data layers that appear on this map may or may not be accurate, current, or otherwise reliable. THIS MAP IS NOT TO BE USED FOR NAVIGATION. Scale: 1:10,000,000 Map center: 54°20' N, 125°25' W
  • 5. Location Map 0 1.75 3.5 km. Legend This map is a user generated static output from an Internet mapping site and is for general reference only. Data layers that appear on this map may or may not be accurate, current, or otherwise reliable. THIS MAP IS NOT TO BE USED FOR NAVIGATION. Notes: Red Stars: Tenure# 951169 to Mackenzie Hospital Scale: 1:100,000 Map center: 55°22' N, 123°5' W
  • 6. Tenure Detail and Topography 0 175 350 m. Legend This map is a user generated static output from an Internet mapping site and is for general reference only. Data layers that appear on this map may or may not be accurate, current, or otherwise reliable. THIS MAP IS NOT TO BE USED FOR NAVIGATION. Scale: 1:10,000 Map center: 55° 25' 20" N, 123° 7' 34" W
  • 7. History There is limited historical information for the Mugaha Creek area. However, what information is available has been quite valuable and credible. From a press release by Quantum Minerals "During the years 2003 to 2006, extensive geochemical surveys outlined a number of gold-in-soil anomalies southeast of Mugaha Creek in an area of extensive vegetation and overburden cover. One of these anomalies was investigated by hand trenching and outlined a number of narrow, mineralized quartz veins in sheared and faulted slate and siltstone. At least 3 to 5 veins were outlined and could be traced intermittently for about 120 meters along strike and remain open in both directions. Gold values are highly erratic and metallic screening analyses indicate that a significant amount of the values occur as free gold. Mineralized veins are generally sheared and highly fractured and contain sporadic pyrite and base metal sulfides. Eight of 13 trenches cut mineralized quartz veins and values ranged from less that 1 g/t gold over 1.0 meter to a maximum of 139.1 g/t gold over 1.0 meter. Thirteen separate sample intervals contained values of greater than one g/t over one meter. Trench 5 contained a total of 5 separate mineralized veins averaging 1 meter wide over a total width of 15 meters. The characteristics of the Mugaha property mineralization are interpreted to be consistent with the sediment hosted vein gold deposit model. Mineral deposits of this type contain some of the largest concentrations of gold worldwide; e.g. Muruntau, Uzbekistan - 80 million oz; Sukhoy Log, Russia – 20 million oz.; Bendigo-Ballarat district, Australia – 20 million oz; Macraes Flat, Otago Schist Belt, New Zealand – 5.2 million oz. At the Mugaha property only one of approximately 25 gold-in-soil anomalies within an area measuring 5 km by 3 km has been partially explored by trenching. There is therefore excellent potential for the discovery of similar gold mineralization. The technical content of this news release has been reviewed and approved by James M. Dawson, P. Eng who is a qualified person as defined by National Instrument 43-101"
  • 8. Geology The properties are underlain by weakly metamorphosed and complexly deformed rocks of the Upper Proterozoic Misinchinka Group. The Misinchinka Group consists of a thick monotonous sequence of siliciclastic and lesser carbonate rocks of turbidite affinity deposited on the western margin of ancestral North America. Geochemical studies by quest show a map (http://www.geosciencebc.com/i/project_data/QUESTdata/GBCReport2009-3/map_2009_3_4_au.pdf) Included on the legend "Note: This geochemical interpretation map was produced by blending multiple surveys collected over a period of nearly 30 years, using different sample media (lake and stream sediments) and different laboratory techniques" and report (http://www.geosciencebc.com/i/project_data/QUESTdata/GBCReport2009-3/GBC_Report_2009-3.pdf) Page 11 of the Quest Report shows a localized high readings of AU as great as 1000ppb in and around Mugaha Creek Samples Retrieved, pending assay should verify local mineriaztion and potential placer deposits (This mineralized quartz sample was found on ArthurJames/Two and a Half Shovels Claims. Note the sharp edging indicating limited displacement by glacial movements.) (This Mineralized quartz sample was found on Homeland/Heartland claims. Note the facing portion is a chiselled cross section. The outer sharp edging also indicates limited displacement by glacial movements)
  • 9. Figure 5: Levelled gold assays from stream and lake sediments. 10 of 26
  • 10. 2014 Exploration Program Following a hand test of a depth of 8 feet in the 2013 season that revealed significant black sand (Iron) and very fine gold, a more extensive (mechanical) testing program to reach greater depth is hereby presented. The exploration program for the ArthurJames/Two and a Half Shovels Claims and OldSchool/GoldenEight are a series of Test pits as a means to identify/clarify an old Mugaha Creek channel and placer deposits associated. 1-10 mechanical test pits 25ft by 25ft (to a max depth of 25 feet on tenure 951169 and 1-3 mechanical test pits 25 feet by 25 feet to a max depth of 25 feet test pits on tenure 1027578 which are intended as settling ponds. Reclamation will be concurrent with operations. Although depth desired for each test pit is bedrock, maximum machine depth recommended for this type of testing is 6-15meters (20-50feet). Two sets of raw samples will be taken at a systematic process. One five gallon pail per 1.5meters (5feet) or more frequent depending on geological features. The first set of samples will be assessed via panning method onsite. The second set of samples will be exported for assay. The results of the first set of samples assessed onsite may adjust the dynamics of the testing/sampling program by; • Test holes met with feasible value will be set up for bulk testing • Some Test holes met with little or no value will be utilized into adequate ground water source settling ponds and potential layout for initial processing and eventual full production status. The results of the second set of samples will be to verify field results by a credible laboratory for investor review. Discovering Mineralized quartz veins in this testing area is not expected. Should quartz veining be discovered, samples will be obtained for assay.
  • 11. Exploration Program 0 175 350 m. Legend This map is a user generated static output from an Internet mapping site and is for general reference only. Data layers that appear on this map may or may not be accurate, current, or otherwise reliable. THIS MAP IS NOT TO BE USED FOR NAVIGATION. Notes: Red Stars: Proposed Test Pits Blue Star: Staging Scale: 1:10,000 Map center: 55° 25' 20" N, 123° 7' 34" W
  • 12. Proposed work map 0 350 700 m. Legend This map is a user generated static output from an Internet mapping site and is for general reference only. Data layers that appear on this map may or may not be accurate, current, or otherwise reliable. THIS MAP IS NOT TO BE USED FOR NAVIGATION. Notes: Red Star: proposed test pit(s) Green Star: proposed wash plant and settling ponds Scale: 1:20,000 Map center: 55° 25' 43" N, 123° 7' 16" W
  • 13. Placer Bulk Testing/Production Potential 2014/2015 For this report: • Although exploration in this area is limited to a max of 180days x 10hr per day season. • Gold recovery estimates will be based on average figures available per location • Gold values will be set at a base rate of $1200 per troy ounce. (Below current market values) • Daily gold recoveries will be based on a Goldlands Processor Hybrid capable of washing 25yrds per hour Each test pit will consist of 10hrs digging at a specific location. The goal is to identify over burden depths, pay layers and depth to bedrock Each Test pit that will be bulk sampled will consist of 10hrs processing material using the Goldlands Hybrid Processor. The Hybrid processor is capable of 250yrds per day based on a 10 hour day. There is potential to reach 15 days (with current budget) processing material at 250yrds per day totaling 3750yrds Potential Recovery of Gold for 2014/2015 Processed Test Pits Daily yards Grams Daily processed Gold Recovered bulk sample Per yrd Gold Daily Value of gold at $1200 per ounce (38.70 per gram) 250 .1 25.00 Grams $967.50 250 .14 35.00 Grams $1354.50 250 .31 77.50 Grams $2999.25 250 .93 232.50 Grams $8997.75 250 1.2 300.00 Grams $11610.00 Should the test pits prove favorable, The pay layer will be strategically extracted and transported by dump trucks to Tenure1027578 where 1-3 test pits will be utilized as settling ponds. The nearby creek flows year round and will serve as a suitable water source. The settling ponds and operations will be set up to recycle water in a contained system. The test pit area on Tenure #951169 for the first year is 50meters long by 30meters width. I estimate the old creek system of placer deposit to be 10-15 meters wide by 250meters long. This work area is also within the proposed ROW for TransCanada Pipeline project. Reclamation work will be concurrent with operations, however the level of reclamation could be considered within the context that the pipeline itself will cause greater disturbance than myself and will require reclamation work following their operations anyway. Operations on both claims utilize logged cut blocks and existing roads for access. Some of the tailings will be used for road maintenance.
  • 14. 2014 Exploration Program Initial Cost Estimates Reclamation Bond $5000.00 Prospectus Report $2000.00 Assays $3000.00 Excavator $1000 per day x 30 $30,000.00 Misc $10,000 Total $50,000 2014 Exploration Program Cost Estimates Expanded Goldlands Processor $50,000 New Total $100,000
  • 15. Mining Operations Performa $1.00 /$US Fuel consumption Wage rates Equipment use $50 US per yard Excavator 10 gal/hour Super $35/hour Excavator Test pits/feeding $1,500 US per ounce Operator $25/hour 30 yards per hour 70 hours per week Assumptions: Apr 4 Apr 11 Apr 18 Apr 25 May 1 May 8 May 15 May 22 May 29 Jun 5 Jun 12 Jun 19 Jun 26 Jul 3 Jul 10 Jul 17 Jul 24 Jul 31 Aug 7 week ending Est Equipment Maintenence/Repairs/Replacement Rock Truck $0 /hour $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Excavator $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 Excavator $0 /hour $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 D8 Cat $0 /hour $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 980 loader $0 /hour $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Wash Plant $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 2 Pumps $15 /hour $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 Generator $5 /hour $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 Micellaneous $5 /hour $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 ---- ---------------------- -------------- ------------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- Weekly $22,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 Cumulative $22,750 $31,500 $40,250 $49,000 $57,750 $66,500 $75,250 $84,000 $92,750 $101,500 $110,250 $119,000 $127,750 $136,500 $145,250 $154,000 $162,750 $171,500 $180,250 Est Fuel consumption Diesel $5 /gallon $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 Gas $5.00 /gallon ---- ---------------------- -------------- ------------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- Weekly $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 Cumulative $4,000 $8,000 $12,000 $16,000 $20,000 $24,000 $28,000 $32,000 $36,000 $40,000 $44,000 $48,000 $52,000 $56,000 $60,000 $64,000 $68,000 $72,000 Est Personnel Superintendent $2,450 /week $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 Operator $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Operator $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Operator $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Operator $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Labor $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Labor $0 /week $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mechanic $350 /week $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 Geologist/Assayer $600 /week $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 Benefits 0 percent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ---- ---------------------- -------------- ----------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- Weekly $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 Cumulative $5,150 $10,300 $15,450 $20,600 $25,750 $30,900 $36,050 $41,200 $46,350 $51,500 $56,650 $61,800 $66,950 $72,100 $77,250 $82,400 $87,550 $92,700 $97,850 Est Support Room Board Administration $1,400 /week $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 ---- ---------------------- -------------- -------------- -------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- Weekly $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 Cumulative $1,400 $2,800 $4,200 $5,600 $7,000 $8,400 $9,800 $11,200 $12,600 $14,000 $15,400 $16,800 $18,200 $19,600 $21,000 $22,400 $23,800 $25,200 $26,600 Yards mined weekly 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 cumulative 2100 4200 6300 8400 10500 12600 14700 16800 18900 21000 23100 25200 27300 29400 31500 Ounces produced weekly 70 70 70 70 70 70 70 70 70 70 70 70 70 70 70 cumulative 70 140 210 280 350 420 490 560 630 700 770 840 910 980 1050 Costs ($Cdn) weekly $29,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 cumulative $29,300 $48,600 $67,900 $87,200 $106,500 $125,800 $145,100 $164,400 $183,700 $203,000 $222,300 $241,600 $260,900 $280,200 $299,500 $318,800 $338,100 $357,400 $376,700 Revenue ($US) weekly $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 cumulative $105,000 $210,000 $315,000 $420,000 $525,000 $630,000 $735,000 $840,000 $945,000 $1,050,000 $1,155,000 $1,260,000 $1,365,000 $1,470,000 $1,575,000 Income ($Cdn) weekly ($29,300) ($19,300) ($19,300) ($19,300) $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 cumulative ($29,300) ($48,600) ($67,900) ($87,200) ($1,500) $84,200 $169,900 $255,600 $341,300 $427,000 $512,700 $598,400 $684,100 $769,800 $855,500 $941,200 $1,026,900 $1,112,600 $1,198,300 CARIBOO PROFORMA DRAFT 1 - 14/01/2014
  • 16. Aug 14 Aug 21 Aug 28 Sep 4 Sep 11 Sep 18 Sep 25 Oct 2 Oct 9 Oct 16 Oct 23 Oct 30 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 ----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $8,750 $189,000 $197,750 $206,500 $215,250 $224,000 $232,750 $241,500 $250,250 $259,000 $267,750 $276,500 $285,250 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 ----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $76,000 $80,000 $84,000 $88,000 $92,000 $96,000 $100,000 $104,000 $108,000 $112,000 $116,000 $120,000 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $5,150 $103,000 $108,150 $113,300 $118,450 $123,600 $128,750 $133,900 $139,050 $144,200 $149,350 $154,500 $159,650 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 ----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $28,000 $29,400 $30,800 $32,200 $33,600 $35,000 $36,400 $37,800 $39,200 $40,600 $42,000 $43,400 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 33600 35700 37800 39900 42000 44100 46200 48300 50400 52500 54600 56700 70 70 70 70 70 70 70 70 70 70 70 70 1120 1190 1260 1330 1400 1470 1540 1610 1680 1750 1820 1890 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $19,300 $396,000 $415,300 $434,600 $453,900 $473,200 $492,500 $511,800 $531,100 $550,400 $569,700 $589,000 $608,300 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $105,000 $1,680,000 $1,785,000 $1,890,000 $1,995,000 $2,100,000 $2,205,000 $2,310,000 $2,415,000 $2,520,000 $2,625,000 $2,730,000 $2,835,000 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $85,700 $1,284,000 $1,369,700 $1,455,400 $1,541,100 $1,626,800 $1,712,500 $1,798,200 $1,883,900 $1,969,600 $2,055,300 $2,141,000 $2,226,700 CARIBOO PROFORMA DRAFT 1 - 14/01/2014
  • 17. Mining Operations Performa $1.00 /$US Fuel consumption Wage rates Equipment use $50 US per yard Rock Truck 10 gal/hour Super $35/hour D8 stripping $1,500 US per ounce D8 cat 10 gal/hour Operator $25/hour Excavator Loading 980 loader 10 gal/hour Tender/Tech $15/hour Rock Truck Transport Assumptions: 60 yards per hour Excavator 10 gal/hour Excavator feeding 70 hours per week Loader tails Apr 4 Apr 11 Apr 18 Apr 25 May 1 May 8 May 15 May 22 May 29 Jun 5 Jun 12 Jun 19 Jun 26 Jul 3 Jul 10 Jul 17 Jul 24 Jul 31 Aug 7 Mobilization week ending Est Equipment Maintenence/Repairs/Replacement Rock Truck $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 Excavator $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 Excavator $50 /hour $3,500 $3,500 $3,500 $3,500 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 D8 Cat $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 980 loader $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 Wash Plant $50 /hour $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 2 Pumps $15 /hour $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 Generator $5 /hour $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 Micellaneous $5 /hour $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 ---- ---------------------- -------------- ------------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- Weekly $22,750 $22,750 $22,750 $22,750 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 Cumulative $22,750 $45,500 $68,250 $91,000 $112,000 $133,000 $154,000 $175,000 $196,000 $217,000 $238,000 $259,000 $280,000 $301,000 $322,000 $343,000 $364,000 $385,000 $406,000 Est Fuel consumption Diesel $5 /gallon $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 Gas $5.00 /gallon ---- ---------------------- -------------- ------------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- Weekly $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 Cumulative $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 $220,000 $240,000 $260,000 $280,000 $300,000 $320,000 $340,000 $360,000 Est Personnel Superintendent $2,450 /week $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 Operator $1,750 /week $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 Labor $1,050 /week $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 Labor $1,050 /week $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 Mechanic $350 /week $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 Geologist/Assayer $600 /week $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 Benefits 0 percent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ---- ---------------------- -------------- ----------------------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- Weekly $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 Cumulative $14,250 $28,500 $42,750 $57,000 $71,250 $85,500 $99,750 $114,000 $128,250 $142,500 $156,750 $171,000 $185,250 $199,500 $213,750 $228,000 $242,250 $256,500 $270,750 Est Support Room Board Administration $3,500 /week $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 ---- ---------------------- -------------- -------------- -------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- Weekly $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 Cumulative $3,500 $7,000 $10,500 $14,000 $17,500 $21,000 $24,500 $28,000 $31,500 $35,000 $38,500 $42,000 $45,500 $49,000 $52,500 $56,000 $59,500 $63,000 $66,500 Yards mined weekly 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 cumulative 4200 8400 12600 16800 21000 25200 29400 33600 37800 42000 46200 50400 54600 58800 63000 Ounces produced weekly 140 140 140 140 140 140 140 140 140 140 140 140 140 140 140 cumulative 140 280 420 560 700 840 980 1120 1260 1400 1540 1680 1820 1960 2100 Costs ($Cdn) weekly $40,500 $60,500 $60,500 $60,500 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 cumulative $40,500 $101,000 $161,500 $222,000 $280,750 $339,500 $398,250 $457,000 $515,750 $574,500 $633,250 $692,000 $750,750 $809,500 $868,250 $927,000 $985,750 $1,044,500 $1,103,250 Revenue ($US) weekly $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 cumulative $210,000 $420,000 $630,000 $840,000 $1,050,000 $1,260,000 $1,470,000 $1,680,000 $1,890,000 $2,100,000 $2,310,000 $2,520,000 $2,730,000 $2,940,000 $3,150,000 Income ($Cdn) weekly ($40,500) ($60,500) ($60,500) ($60,500) $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 cumulative ($40,500) ($101,000) ($161,500) ($222,000) ($70,750) $80,500 $231,750 $383,000 $534,250 $685,500 $836,750 $988,000 $1,139,250 $1,290,500 $1,441,750 $1,593,000 $1,744,250 $1,895,500 $2,046,750 Processing plant Feeder to trommel Trommel to perpetual Sonic Concentrator CARIBOO PROFORMA DRAFT 1 - 14/01/2014
  • 18. Aug 14 Aug 21 Aug 28 Sep 4 Sep 11 Sep 18 Sep 25 Oct 2 Oct 9 Oct 16 Oct 23 Oct 30 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 ----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $21,000 $427,000 $448,000 $469,000 $490,000 $511,000 $532,000 $553,000 $574,000 $595,000 $616,000 $637,000 $658,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 ----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $380,000 $400,000 $420,000 $440,000 $460,000 $480,000 $500,000 $520,000 $540,000 $560,000 $580,000 $600,000 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,750 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $1,050 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $14,250 $285,000 $299,250 $313,500 $327,750 $342,000 $356,250 $370,500 $384,750 $399,000 $413,250 $427,500 $441,750 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 ----------------- ----------------- ----------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $70,000 $73,500 $77,000 $80,500 $84,000 $87,500 $91,000 $94,500 $98,000 $101,500 $105,000 $108,500 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 4200 67200 71400 75600 79800 84000 88200 92400 96600 100800 105000 109200 113400 140 140 140 140 140 140 140 140 140 140 140 140 2240 2380 2520 2660 2800 2940 3080 3220 3360 3500 3640 3780 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $58,750 $1,162,000 $1,220,750 $1,279,500 $1,338,250 $1,397,000 $1,455,750 $1,514,500 $1,573,250 $1,632,000 $1,690,750 $1,749,500 $1,808,250 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $210,000 $3,360,000 $3,570,000 $3,780,000 $3,990,000 $4,200,000 $4,410,000 $4,620,000 $4,830,000 $5,040,000 $5,250,000 $5,460,000 $5,670,000 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $151,250 $2,198,000 $2,349,250 $2,500,500 $2,651,750 $2,803,000 $2,954,250 $3,105,500 $3,256,750 $3,408,000 $3,559,250 $3,710,500 $3,861,750 CARIBOO PROFORMA DRAFT 1 - 14/01/2014