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Chevrier Property
 
The Chevrier property consists currently of 239 claims for a total of 4052 hectares divided into 2 blocks. The blocks Fancamp, Haufan, Diana-Obatogamau and Dolbo are contiguous and are predominantly located in the Northeast sector of the Fancamp Township with some parcels in the southern half of the Haüy Township. The block Diana is located in the Southwestern quarter of the Queylus Township. An area of some 183 claims for a total of some 4056 hectares is claimed and awaits official registration (and numbers) for the claims. A second group of claims for some 71 claims for a total of 1136 hectares is applied for. When the official registration is complete and the applications are confirmed, the total area claimed for TAWSHO will consist of some 493 contiguous claims for some 9244 hectares.

The Chevrier property is located about 30 km southeast of Chapais and 35 km south of Chibougamau, Québec. The Fancamp, Haufan, Diana Obatogamau and Dolbo claims are accessible by the forestry road #209 South that crosses the Northwest portion of the property, and by water via the lakes and streams of Obatogamau. Due to inactivity on the site for a number of years, beavers have constructed a dam that caused most of the area to be flooded which made the terrain now only accessible in the winter when the water is frozen. The Diana property is accessible via a forestry road with the regional road #167 which connects Chibougamau with St-Félicien. This block of claims is also accessible by water via the lakes of Obatogamau and Chevrier.

 
43-101 Interpretation and Conclusion
 

A considerable amount of geological and geophysical exploration has been carried out on the Chevrier property and the existence of some eight gold mineralizations was indicated. The Chevrier zone, indicated as the most important showing, was explored the most extensively and the majority of the data is therefore available for this zone. All drilling was carried out without detailed surveys for elevation and although a large amount of drilling was carried out the detailed (non-compliant with NI 43-101) resource estimates were based on the less precise polygon method.<br><br>Strong indications were found for the existence of the Chevrier Sud zone but little detailed drilling and interpretation of the extent of that zone was developed. The other anomalies (“East”, “West”, RO, Coyote, Lipsett and des Tranchées showings) were only partly drilled or not further investigated. The incomplete database and the existence and extent of the indicated gold mineralizations suggest that there is sufficient merit to restart exploration work on the property and obtain additional data for a compliant with NI 43-101 resource estimate.

Because the access to the deposit is difficult in the summer due to the amount of water on the sites caused by a beaver dam, drilling has to be carried out in the winter in order to determine the extent of the mineralized zones in depth as well as on strike. The recommendation includes an extensive drilling program to start in February that is flexible enough to use incoming results of logging and sampling to revise the program and drill hole locations by the field crews.

 
43-101 Recommendation
 

The geophysical review by Mr. Camille St-Hilaire, P.Geo has determined that it is recommended to carry out an Aeromagnetic Survey by helicopter. It is further recommended to carry out an Infinitem ground survey (deep EM time-domain survey) to test conductive mineralization in the Chevrier and Chevrier Sud zones. In addition, it is recommended that three drill holes be drilled in locations where previous Induced Polarization detected anomalies have not yet been investigated.

Mr. P.J. Lafleur, P.Eng, carried out the review of the database for the Chevrier zone as well as the modeling for that zone. Mr. Lafleur also reviewed the hand drawn sections for the Chevrier Sud zone. Following this work and because of the requirement of winter drilling, a drilling program of some 9,260 meters has been proposed, 6,250 meters for the Chevrier zone, 2,300 meters for the Chevrier Sud zone and 710 meters to investigate other anomalies.

 
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