NIC Property Summary

Tenures
The property is held by Dan P. Berkshire on behalf of Tidewater Minerals and currently consists of 32 MTO mineral cell blocks totaling 15,542.21 hectares current to February 27, 2022.  As well, the property includes 2 additional cell blocks totaling 165.19 hectares current to Feb. 11, 2015 and one cell block totaling 20.65 hectares current to June 13, 2015. A total of $1,352, 427.80 has been expended to date on these mineral titles with $1,122,340.49 being applied to exploration “assessment work”- bringing all but 186 ha of these titles into good standing with the BC Provincial government until February 27, 2022.

Location
The NIC Property is situated north-northeast of Brooks Peninsula Provincial Park and extends from tidewater on the west coast to Neroutsos Inlet to the east. The property is covered by typical west coast rain forest with recent first growth logging, and elevations ranging from 100 to 1125 metres.  Access to the property is from Port McNeill (Hwy 19) west on paved Hwy. 30 to Port Alice, and then west along logging roads. The property is centered approximately 15 km. southwest of Port Alice.
The NIC Property covers 8 previously documented MINFILE occurrences of porphyry copper-molybdenum and related deposit types which were the focus of extensive helicopter based exploration work during period 1960-1990. Recent logging activity has resulted in extensive system of gravel roads affording relatively easy access from Port Alice. Recent work by or directed by Dan Berkshire during 2010-2011 has added 4 new MINFILE occurrences to the public record.

Mineralization

The eight (8) older documented MINFILE occurrences, as follows:

•    RH 1-24 – MINFILE 092L182 showing of porphyry copper and molybdenum.
•    Tent – MINFILE 092L266 showing of porphyry copper and molybdenum.
•    Bozo 2 – MINFILE 092L333 zinc showing.
•    Iron Cop – MINFILE 092L228 prospect of volcanic redbed copper, cobalt, silver, gold and iron immediately south.
•    Fang – MINFILE 092L265 copper showing surrounded by the NIC Property.
•    Lois – MINFILE 092L330 prospect of porphyry copper, molybdenum, zinc, lead, gold, silver and cobalt (partially covered and immediately south).
•    Patch – MINFILE 092L332 magnetite, iron and copper showing.
•    Brooks – MINFILE 092L copper, lead and zinc.

The following are new showings discovered during the course of exploration programs carried out during 2010 – 2011.

•    Berkshire – MINFILE 092L446 – gold, silver and copper.  Summary: The Berkshire (NIC South) occurrence is located in the north eastern head waters of East Creek, at an elevation of approximately 400 metres. The area lies within the Insular Belt of the Cordillera and is underlain mainly by volcanics, crystalline rocks and minor sediments. Locally, poly-phase quartz-calcite-epidote-rhodonite-sulphide stockwork veins hosted by magnetite-bearing mafic volcanics are exposed in a logging road cut north of the Lois Pluton. In 2010, the average of five grab samples yielded 0.959 gram per tonne gold, 2.214 grams per tonne silver and 2.22 per cent copper (samples 8880 to 8884; Assessment Report 31915). In 2012, diamond drill hole 11-NICS-04 intercepted 18.4 metres yielding 0.213 gram per tonne gold and 0.747 per cent copper, including 4.4 metres yielding 0.666 gram per tonne gold, 2.37 grams per tonne silver and 2.532 per cent copper (Assessment Report 32773).
•    NIC MSV – MINFILE 092L447 silver, copper and zinc. Summary: The Nic MSV occurrence is located in the eastern head waters of East Creek, at an elevation of 423 metres. Locally, a 0.2-metre thick poly-metallic massive sulphide vein hosted by pyritic granodiorite is exposed on the east side of a logging road cut in the Lois Pluton. The vein strikes 165 degrees and dips 75 degrees. A lone grab sample (17435) assayed 89 grams per tonne silver, 0.715 per cent copper and 0.286 per cent zinc (Assessment Report 31915).
•    NIC East – MINFILE 092L448 – copper and silver. Summary: The Nic East occurrence is located in the eastern head waters of the Klaskish River, at an elevation of approximately 560 metres. Locally, an undefined area of quartz diorite hosts up to 20 per cent quartz-chalcopyrite stockwork veins. A grab sample (17442) assayed 5.55 grams per tonne silver and 1.82 per cent copper (Assessment Report 31915).
•    NIC North Skarn – MINFILE 092L449 copper, gold, silver and Iron. Summary: The Nic North Skarn occurrence is located in the north eastern head waters of the Klaskish River, at an elevation of 419 metres. Locally, a 0.2-metre thick copper skarn is exposed in a road cut. A grab sample (17434) yielded 0.792 gram per tonne gold, 11.8 grams per tonne silver, 3.94 per cent copper and 21.9 per cent iron (Assessment Report 31915).

2010 Exploration Program:
Assessment Report 31915 covers exploration work completed in 2010 by Jacques Houle P.Eng., consisted of geochemical sampling of different media;
•    property-wide sampling of stream moss mats (83 samples)
•    rocks (74 samples)
•    grid-based soil sampling (506 samples)
•    geological mapping surrounding of two of the previously recorded mineral occurrences.
•    property wide airborne geophysics, including magnetics, electromagnetics and radiometrics at 200 metre line spacing
As well, this report covers prospecting during the early spring and summer conducted by Dan and Ron Johnston.
Assessment Report 32166 covers airborne geophysics, including magnetics, electromagnetics and radiometrics at 100 metre line spacing.

2011 Exploration Program:
Assessment Report 32773 covers exploration work completed in 2011 by Jacques Houle P. Eng., consisted of nine (9) diamond drill holes totaling 2065 m. which tested a portion of the north grid and eight (8) diamond drill holes totaling 1056 m. which tested a portion of the South Grid (East Creek) area.

North Grid: The 9 hole 2011 north grid diamond drill holes were laid out in a regularly-spaced array designed by Jacques Houle to delineate the suspected portion of the Tent MINFILE 092L266 porphyry copper-molybdenum deposit portion located between the two southwest-flowing tributaries of the North Klaskish River. Six of the nine holes yielded wide, significantly elevated but currently sub-economic values in copper and/or molybdenum. Of Note: The more prospective area between the main stem of the North Klaskish River and its first southwest-flowing tributary has yet to be tested.

South Grid: Holes 11-NICS-01 to 11-NICS-05 (totaling 316 m.) tested in the area near the Berkshire showing (MINFILE 092L446) with one Hole -11NICS-04, intersecting 18.4 metres of 0.213 gram per tonne gold and 0.747 per cent copper, including 4.4 metres yielding 0.666 gram per tonne gold, 2.37 grams per tonne silver and 2.532 per cent copper. Holes 11-NICS-06 to 11-NICS-08 (totaling 740 m.) tested the South Grid area southwest and east of the Berkshire Showing.

Disclaimer:
The preceding information is intended as a summary only and accurate to the best of the author’s knowledge, but should not be relied on in place of the qualified technical information available in the following Assessment Reports:
EMPR  ASST  RPT #29910
EMPR  ASST  RPT #31811
EMPR  ASST  RPT #32164