1. Exploration and Discovery with the Geotech VTEM Versatile time domain EM

2. Airborne System Specifications 30 Hz Primary Frequency Bi-polar 16.6 millisecond half cycle Pulse duration 4.6 to 7.5 milliseconds Dipole moment 425,000 to 600,000 + nIA Horizontal central loop or in-loop system Transmitter - 26.1 m diameter 4 turn loop Transmitter - 26.1 m diameter 4 turn loop Receiver – 1.1 m diameter 100 turn coil 0.1 second sampling, minimum 25 channels dB/dt finite impulse response B-field and Deconvolved options

5. Transient Decay- Bounded Object

6. Examples Document the early stages of a New Ni-Cu-PGE Discovery in Langmuir Twp (35 Km south-east of Timmins). Show how Late Time analysis, CDI computations and BHEM can help orientate the drilling program. Using an example of Poorly Conducting Sphalerite mineralization, show how Early Time analysis can assist in priorizing the exploration program.

7. Langmuir Area Geology

8. Section of survey – 2VD image + conductor symbols (75 m line spacing).

10. Conductivity-depth Image – L3520

11. Conductivity-depth Image – L3515

12. Bore Hole 3-comp TEM Z - ComponentX - Component

13. Prism Model Results LineConductanceVTEM TauBH TauDepthDip/Direction 35102.8 S/m x 25 m60 m82.5 (N) 35152.5 S/m x 60 m90 m70(N) 35203.0 S/m x 60 m4.24 ms4.6 ms75 m85(S) 35253.0 S/m x 65 m90 m72.5(S) 35303.5 S/m x 40 m95 m90

14. Low Conductance Targets (known sphalerite occurrences)

15. Early Time Channels (70,90,110 & 130 µ sec )

16. Mid Time Channel (1130 µsec)

17. Computed Conductance & Tau Values for weak Targets AreaConductance S Range Mean Tau millisecond Range Mean A0.5-1.0 0.8---- <0.01 B0.2-0.5 0.4---- <0.01 C1.5-4.0 2.80.01-1.6 1.1 D4.2-5.9 4.34.5-4.9 4.7 E0.4-0.9 0.50.01-0.6 0.2 F0.3-1.8 1.10.01-1.5 0.1

18. Summary - Langmuir Both geology and Ni-Cu-PGE mineralization similar to Kambalda –w Aus VTEM provided “low noise” late time data required for accurate determination of conductance and Tau values and modeling

19. Summary – Langmuir cont’d VTEM data provided CDI’s showing confirming evidence for a wide zone of mineralization and low amplitude folding to the south of the discovery zone 3 component bore hole data provided an accurate logging of the limits of the overall zone(s) and of the higher grade sections within

20. Summary – Low Conductance Targets VTEM maps very early time expression of low conductance sphalerite mineralized zones providing accurate contrasting of weak conductances and Tau values Selection of targets can be assisted by early time imaging, conductance and Tau values