The Santa Maria Gold Property is located in the "New Klondike" gold district east of Dryden, Northwestern Ontario. The Property, located
approximately 40 km southeast of the town of Dryden, consists of 19 contiguous unpatented mining claims comprising 87 claim units encompassing
an area of approximately 1,392 hectares. The claims are located north of Long Lake (Kawashegamuk Lake) in the Kawashegamuk Lake and
Tabor Lake Map Areas, Kenora Mining Division, Ontario, Canada.
The Santa Maria Property includes at least 6 known gold occurrences. Gold values ranging from trace to 0.82oz/ton (28.0 g/t) have been
documented from the Property and visible gold has been observed in at least 3 of the zones. One of these occurrences, the Santa Maria Shaft
Zone, was explored by two shallow shafts in the early 1900s. There has been very little exploration completed in the area covered by the
United Reef Property. The Property covers a series of strongly developed, deeply seated east-west structures that lie along the north flank
of a major northwest trending fault zone. These structural features are indicated on OGS geological maps of the area, satellite imagery and
field observations. The Property also hosts intense carbonate alteration and quartz zones. These geological features and the presence of
known gold mineralization suggest that the Santa Maria Property has excellent potential to host an economic gold deposit and warrants an
aggressive exploration program.
The United Reef Property lies within the Eagle-Wabigoon-Manitou Lakes Greenstone Belt (EWMGB) which is one of a series of six interconnected
greenstone belts that make up the western part of the Wabigoon Subprovince in Northwestern Ontario. The greenstone belts are made up of 60 – 80%
untramafic to felsic volcanic rocks of various types and 20 – 40% clastic and chemical metasediments.
The Eagle-Wabigoon-Manitou Greenstone Belt in which lies the Santa Maria Property, measures approximately 80 km in a north-south direction and
from 30 to 50 km eastwest.
The EWMGB is cut by several very large regional structures that add complexity to the simplified geology outlined above. These include the northeast
trending Manitou Straits Fault Zone, the east-west trending Mosher Bay-Washeibemaga Lake Fault Zone, the east-west trending Wabigoon Fault and the
northwest trending Kawashegamuk Lake Fault Zone. The latter passes along the edge of the Santa Maria Property. The Revell Batholith, which forms
the eastern boundary of the Kawashegamuk group volcanic rocks in this area, is located approximately 5 km east of the Santa Maria Property.
The primary deposit type being explored for on the Santa Maria Property is Archean aged, structurally hosted, lode gold deposits (Hodgson, C.J., 1993).
Deposits of this type range in size from small, sub economic lenses containing 10s of thousands of tonnes of mineralized material to multimillion
tonne deposits containing multi-million ounces of gold. This type of deposit is best represented by the gold deposits of the Timmins, Kirkland
Lake and Red Lake mining camps. The key features that are common in this type of deposit are a spatial association with a regional scale structural
lineament, e.g. the Porcupine-Destor Fault in the Timmins area or the Kirkland Lake- Larder Lake Break in the Kirkland Lake Area as well as
proximity of young intrusive rocks such as quartz porphyry and intense alteration of the host rocks (carbonate-sericite- silica). There is
sometimes an association with ultramafic intrusive rocks. The quartz porphyritic rocks also have potential for hosting large tonnage, bulk
mineable gold mineralization associated with quartz-carbonate stockwork and vein zones that have been observed in the area.
A second deposit model that may be relevant on the United Reef Property is the "collapsed caldera" type that is proposed for the Rainy River Gold
Project in an interconnected greenstone belt (Rainy River Resources website). In this model, gold mineralization is thought to be synvolcanic (or at
least introduced very soon after volcanism) and associated with large scale collapse of a volcanic center. This type of mineralization has been
suggested in the Eagle-Wabigoon-Manitou Greenstone Belt (Blackburn, et al., 1989). Gold is thought to have been enriched in rocks that are proximal
to eruptive centers within the transition between mafic and felsic metavolcanic rocks. According to geological mapping completed in Santa Maria area,
there are three volcanic centers proposed within a 5 km radius, with one completely enclosed by the United Reef Property. In addition all of the
rocks underlying the Property are interpreted to lie within the mafic-felsic transition zone.
The primary features on the Santa Maria Property that are expected to be investigated in addition to the known gold occurrences are east-west
trending lineaments and quartz porphyry bodies that appear to cross-cut local stratigraphy. The lineaments appear to be splays that are spatially
associated with a regional scale fault structure referred to as the Kawashegamuk Lake Fault.
There are at least 6 known gold occurrences reported to be located within the current United Reef Property. Four of these have been described or
referenced in reports or on maps produced by the Ontario Geological Survey (OGS) or its precursor, the Ontario Mines Division. The others are described
in data filed for assessment work by private companies or prospectors and on file in the Assessment Files of the Ontario Mining Lands Division.
For additional detail, please refer to the NI-43-101 Technical Report.