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Geological Report on the Mount Bisson Rare-Earth Element Claim-
                            Group

                     Omineca Mining Division

                  North-central British Columbia

                    55°32’25”N 123°58’23”W

                        NTS Reference
                      93N/9, 93O/5, 93O/12




                   NI 43-101 Technical Report For

                    Seymour Ventures Corporation
                      1620-609 Granville Street
                          Vancouver, B.C.
                             V7Y 1C3




                            Prepared By

                  Frederick W. Breaks, Ph.D., P.Geo.
                         Consulting Geologist
                           Sudbury, Ontario
                          November 28, 2010
TABLE OF CONTENTS
_______________________________________________________________
1. Title Page…………………………………………………………………………………................i
2. Table of Contents…………………………………………………………………………………...ii
   Figures……………………………………………………………………………………………....iv
   Photos…………………………………………………………………………………………….....v
   Tables……………………………………………………………………………………………….vii
   Appendices…………………………………………………………………………………………viii
3. Summary ......................................................................................................................................... 9 
4. Introduction And Terms Of Reference ......................................................................................... 11 
4.1 Introduction ................................................................................................................................. 11 
4.2 Terms Of Reference .................................................................................................................... 12 
4.3 Sources Of Information............................................................................................................... 13 
5. Reliance On Other Experts ........................................................................................................... 13 
6. Property Description And Location .............................................................................................. 14 
7. Accessibility, Climate, Local Resources, Infrastructure And Physiography ................................ 16 
8. History .......................................................................................................................................... 17 
9. Geological Setting ......................................................................................................................... 18 
9.2 Property Geology ........................................................................................................................ 21 
9.2.1 Wolverine Metasedimentary Gneisses ..................................................................................... 24 
9.2.1.1 Metawacke, Metapelite And Related Migmatites ................................................................. 24 
9.2.1.2 Quartz Arenite And Quartz-Rich Metawacke ....................................................................... 26 
9.2.1.3 Calcium-Rich Clastic Metasedimentary Rocks .................................................................... 26 
9.2.1.4 Calc-Silicate Rocks And Marble........................................................................................... 26 
9.2.1.5 Migmatized Tonalite And Quartz Diorite ............................................................................. 27 
9.2.2 Felsic To Intermediate Intrusive Rocks ................................................................................... 28 
9.2.2.1 Peraluminous, S-Type Granitic Pegmatites .......................................................................... 28 
9.2.2.2 Wolverine Range Intrusive Suite .......................................................................................... 29 
9.2.3 Mafic To Intermediate Intrusive Rocks ................................................................................... 30 
9.2.3.1 M12000 Road Intrusive Complex ......................................................................................... 30 
10. Deposit Types ............................................................................................................................. 31 
11. Mineralization ............................................................................................................................. 34 
11.1.1 Ursa Occurrence..................................................................................................................... 36 
11.1.1.1 Mineral And Lithochemistry ............................................................................................... 41 
11.1.2 Laura Occurrence ................................................................................................................... 43 
11.1.2.1 Lithochemistry .................................................................................................................... 47 
11.1.3 Pegmatite 541......................................................................................................................... 50 
11.1.4 Will #1 And #2 Rare-Earth Element Occurrences ................................................................. 52 
11.1.6 Summary Of Anomalous Rare-Earth Element Concentrations ............................................. 54 
11.1.6.1 Bulk Rock Samples ............................................................................................................. 54 
11.1.6.2 Summary Of Light Rare-Earth Element And Yttrium-Bearing Minerals Documented By
Electron Microprobe Analysis .......................................................................................................... 54 




                                                                             ii
11.2.1 Cordierite-Orthoamphibole Lithologies Potentially Linked With Volcanogenic Massive
Sulphide Mineralization .................................................................................................................... 55 
12. EXPLORATION......................................................................................................................... 59 
12.1 Geophysical Surveys ................................................................................................................. 60 
12.1.1 Magnetic Surveys................................................................................................................... 60 
12.1.2 Radiometric Surveys .............................................................................................................. 61 
12.2 Soil Sample Surveys ................................................................................................................. 61 
12.2.1 Laura Grid .............................................................................................................................. 61 
12.2.2 Will #1 Grid ........................................................................................................................... 62 
12.2.4 Ursa Grid ................................................................................................................................ 62 
12.3 Stream Sediment Surveys ......................................................................................................... 62 
12.4 Results ....................................................................................................................................... 62 
13. DRILLING .................................................................................................................................. 65 
14. Sample Method And Approach................................................................................................... 65 
15. Sample Preparation, Analyses And Security .............................................................................. 65 
15.1.1 Acme Analytical Laboratories Ltd. ........................................................................................ 67 
15.1.2 ALS Chemex Laboratory Group ............................................................................................ 67 
15.1.3 Activation Laboratories ......................................................................................................... 67 
15.1.4 Geoscience Laboratories - Ontario Geological Survey .......................................................... 67 
16. DATA Verification ..................................................................................................................... 70 
16.3 Qualityassurance (QA) And Quality Control (QC) .................................................................. 75 
16.3.1 Quality Control Procedures At Analytical Laboratories ........................................................ 77 
16.3.1.1 Acme Analytical Laboratories ............................................................................................ 77 
16.3.1.2 ALS Chemex Laboratory Group ......................................................................................... 78 
16.3.1.4 Geoscience Laboratories - Ontario Geological Survey ....................................................... 79 
17. Adjacent Properties ..................................................................................................................... 79 
11.2.2.1 Allanite ................................................................................................................................ 83 
11.2.2.2 Other Minerals .................................................................................................................... 86 
18. Mineral Processing And Metallurgical Testing .......................................................................... 88 
19. Mineral Resource And Mineral Reserve Estimates .................................................................... 88 
20. Other Relevant Data And Interpretation ..................................................................................... 88 
21. Interpretation And Conclusions .................................................................................................. 88 
22. Recommendations ....................................................................................................................... 91 
23. References ................................................................................................................................... 93 
24. Certificate Of The Qualified Person ........................................................................................... 99 
25. Date And Signature Page .......................................................................................................... 100 




FIGURES
Figure 1. Terranes and assemblages that comprise the western Cordillera of British Columbia and the
Yukon with location of the Mount Bisson rare-earth element property. Map source: Geological Survey
of Canada http://gsc.nran.gc.ca/cordgeo/terrane_e.php .................................................................... 20 



                                                                            iii
Figure 2. General geology of the Wolverine rare-earth-type pegmatite field that depict locations of
various mineral occurrences described in this report. The bold red line represents the outline of the
Mount Bisson claim-block. Details of the individual claims that comprise this block can be found in
Figure 3b. Geology compiled and slightly modified after Ferri and Melville (1994) and Halleran
(1991). ............................................................................................................................................... 21 
Figure 3a. Locations of 2007 sample sites within and proximal to the Mount Bisson claim-group.
Present outline of the claim-group is shown in red. Triangles give locations of all known rare-earth
element occurrences. The locations of samples collected in 2008 are given Figures 10 and 15. ..... 22 
Figure 3b. Locations of 2010 sample sites and known rare-earth element mineral occurrences within
and adjacent to the Mount Bisson claim-group. This map also includes location of the Manson River
East Cu-W-Ag occurrence that lies adjacent to the claim-block. ..................................................... 23 
Figure 4. Chondrite-normalized REE plot for various clastic metasedimentary rocks from the
Wolverine gneisses. .......................................................................................................................... 25 
Figure 5. Chondrite-normalized REE plot for peraluminous, S-type granitic pegmatites of the Mount
Bisson area. ....................................................................................................................................... 29 
Figure 6. Chondrite-normalized REE plot for various units of the M-12000 Road intrusive complex.                                                                31 
Figure 7. Chondrite-normalized REE plot for all rock types from the Ursa occurrence. ................. 42 
Figure 8. Chondrite-normalized REE plot for calc-silicate metasedimentary rocks of the Wolverine
gneisses in the Mount Bisson area. ................................................................................................... 43 
Figure 9. Sample locations for the Laura and Pegmatite 541 rare-earth element occurrences and from
adjacent exposures located near Mount Bisson superimposed upon total magnetic field map from
survey flown by Fugro Airborne Surveys Incorporated (Luckman 2006). The delineation of granitic-
pegmatitic plutons of the Wolverine Range intrusive suite was derived from magnetic and geological
data. ................................................................................................................................................... 45 
Figure 10. SiO2 versus K2O/Na2O for granitic and pegmatitic rocks from the Laura grid in comparison
to the average compositions of plutons from British Columbia associated with various types of skarn
mineralization (Ray and Webster 1991). The dashed line represents interlayered syenite-trondhjemite
compositions (926520 and 926521) at the Laura REE occurrence. Average composition of the 1.7 Ga
Burstall pluton associated with U-REE skarn mineralization at the Mary-Kathleen deposit was
extracted from Australian Geoscience: http://www.ga.gov.au/image_cache/GA3785.pdf The author,
however, is unable to verify the information in relation to the tonnage and average grade of the Mary-
Kathleen U-REE deposit and therefore these data are not necessarily indicative of mineralization on
the Mount Bisson claim-group that is the subject of this technical report. ....................................... 48 
Figure 11. Chondrite-normalized REE plot for units of the Laura #1 occurrence compared to
magnetite-titanite-biotite granite at nearby pluton of the Wolverine Range intrusive suite. ............ 49 
Figure 12. Chondrite-normalized REE plot for granitic rocks, related pegmatites and diorite within the
northwest area of the1988 Laura grid compared with magnetite-titanite-allanite-biotite granite from a
nearby pluton of the Wolverine Range intrusive suite (926524). ..................................................... 49 
Figure 13. Chondrite-normalized REE plot for sodic granitic pegmatite (Pegmatite 541), and
metasomatized and unaltered Wolverine gneiss host-rocks compared to magnetite-titanite-allanite-
biotite granite at nearby pluton of the Wolverine Range intrusive suite. .......................................... 52 




                                                                              iv
Figure 14. Sample sites in vicinity of the Will # 1 and Will # 2 rare-earth element occurrences and
from the anthophyllite-corundum-cordierite-bearing gneiss localities superimposed upon the airborne
magnetic base of Fugro Airborne Surveys Ltd. ............................................................................... 55 
Photo 18. False colour backscattered electron image showing mineralogy and textural relations in
garnet-anthophyllite-cordierite felsic gneiss at locality 08-FWB-10. ............................................... 58 
Figure 15. Example of volcanogenic massive sulphide mineralization in the Saviankannas Zn-Cu-Ag
deposit of Finland associated with metamorphosed alteration zones now characterized by cordierite-
anthophyllite-bearing mineral assemblages. Image from
http://en.gtk.fi/ExplorationFindland/Commodities/Zinc/Saviankannas.html ................................... 59 
Figure 16. Chondrite-normalized REE plot for Laura No. 1 and No. 2 occurrences on Mount Bisson
that compares the historical data of Halleran (1991) with that of Leighton (1997). ......................... 71 
Figure 17. Chondrite-normalized REE plot for units of the M-12000 Road occurrence. Samples
926530 and 926531 represent duplicate samples split in the field from a homogeneous, medium-
grained unit (titanite-diopside quartz diorite) that were submitted to Acme Analytical Laboratories for
external quality control assessment (see also Table 10). .................................................................. 83 

PHOTOS
Photo 1. Good exposure of highly deformed and locally migmatized clastic metasedimentary rocks on
the Munro Camp Road. Arrow on the right side indicates a dyke of peraluminous, S-type pegmatitic
granite that is discordant to host-rock foliation and yet has been subjected to ductile deformation along
its contact. ......................................................................................................................................... 24 
Photo 2. Highly tectonized layers of buff coloured quartz arenite (towards left side of photo) within a
dominant, dark brown sillimanite-biotite metapelite at locality 07-FWB-15. .................................. 26 
Photo 3. Highly strained, migmatitic quartz diorite to tonalite with granite leucosomes in which
severely flattened, isoclinal folds are barely discernible (as left of pencil). ..................................... 28 
Photo 4. Small exposure of the potassic pegmatite core zone at the Ursa REE occurrence. The rock is
strongly deformed and exhibits a strong mineral stretching lineation in quartz and augen-shaped K-
feldspar megacrysts. The lineation is parallel to the faint black line on the right part of outcrop. ... 37 
Photo 5. Quartz-plagioclase<<diopside skarn vein system hosted in amphibolite and interlayered calc-
silicate metasedimentary rocks at the Ursa occurrence. Strike of lithological layering is approximately
parallel to long edge of photo with moderate dip towards the reader. .............................................. 38 
Photo 6. Polished slab that reveals a sharp intrusive contact of the allanite-titanite-plagioclase border
zone of the Ursa pegmatite with an adjacent titanite-plagioclase-diopside skarn envelop (arrow). Note
the obliteration of host-rock foliation near contact versus its presence near edge of sample as marked
by foliation symbol. .......................................................................................................................... 39 
Photo 7. Black allanite and dark brown titanite in the plagioclase-rich border zone unit of the Ursa
granitic pegmatite. Elongate grey quartz-rich domains define the mineral lineation. ...................... 40 
Photo 8. Backscattered electron image of an allanite grain from the border zone of the Ursa pegmatite.
The allanite is characterized by complex patchy zonation and a scalloped grain outline that suggests
resorption due to interaction with pegmatite-forming fluids. ........................................................... 40 
Photo 9. Planar dyke of titanite-biotite-hornblende granite, likely related to the Wolverine Range
intrusive suite, emplaced at high angle to lithologic layering of amphibolite (black unit along to right



                                                                            v
of contact) and roughly weathered, deeper black, calc-silicate metasedimentary host-rocks along left
side. ................................................................................................................................................... 41 
Photo 10. View highly fractured magnetite-allanite-titanite-biotite granite at sample site 926524 in the
smaller of two plutons of the Wolverine Range intrusive suite near Mount Bisson. ........................ 44 
Photo 11. Plagioclase-green diopside skarn masses with partial replacement along the margins of a
coarse hornblende-bearing granitic pegmatite near locality 926520 at Laura occurrence. The slight rust
stained skarn mass also contains quartz, allanite and titanite. .......................................................... 46 
Photo 12. Abundant platy black allanite and orange-brown titanite in diopside-rich skarn (sample
926540 in Appendices 4 and 5) from the Laura occurrence with the highest ∑REE content (7429 ppm)
obtained to date by the author on the Mount Bisson claim-group. ................................................... 46 
Photo 13: Cluster of bright orange titanite in Pegmatite 541, a sodic granitic pegmatite at site 926541
near the Laura #1 occurrence. ........................................................................................................... 51 
Photo 14. Metaultramafic unit with abundant magnetite intergrown with dark green amphibole, as
around area marked by coin, on a surface that exposes a pervasive, east-trending, shallow-plunging
mineral lineation. Bulk rock analysis indicated 47 wt. % total iron as Fe2O3................................... 56 
Photo 15. Anthophyllite gneiss unit marked by coarse poikiloblastic red garnet masses that in part
replaces radiating masses of deep brown anthophyllite. ................................................................... 56 
Photo 16. Compositional layering exposed at the anthophyllite gneiss exposure. Intermediate
compositions at the right are characterized by abundant clotty linear aggregates of anthophyllite that
grade into a very leucocratic unit with sparse anthophyllite. The leucocratic unit defines a tight fold
with a core zone, as marked by coin, rich in biotite with lesser hornblende, plagioclase and corundum. 57 
Photo 17. Deformed enclave, marked by coin, rich in anthophyllite-gedrite with sparse magnetite and
plagioclase......................................................................................................................................... 57 
Photo 19. Aggregate of deep yellow-green hornblende and coexisting plagioclase, faint brown titanite
and sparse allanite enclosed within a quartz-rich pod from the calc-alkaline pegmatite at the M-12000
Road occurrence................................................................................................................................ 81 
Photo 20. Polished slab which reveals complex mineralogy in the calc-alkaline pegmatite system of
the M-12000 Road rare-earth element occurrence. Allanite occurs as a cluster of dark brown grains
within the epidote-diopside-rich mass towards the left side of the photo. Bulk rock analysis of a slice
from this slab: ∑REE (1463 ppm), ∑HREE (123 ppm), Y (174 ppm) and W (600 ppm)............... 81 
Photo 21. Backscattered electron image of an allanite grain from 148666-2. This image reveals a
complex evolutionary history: core with likely high REEoscillatory zoned rimreplacement zone
with patchy texturecorrosion by late magmatic fluids that produced a scalloped grain outline. .. 84 
Photo 22. Backscattered electron image of a cluster of allanite (bright grains) that coexists with
fluorapatite (dull grey) and plagioclase (dark areas)......................................................................... 84 
Photo 23. X-Ray map for magnesium versus cerium versus phosphorus showing a cluster of allanite
grains (green) mainly in plagioclase (dark area) but also as inclusions in fluorapatite (blue) and
diopside (crimson). ........................................................................................................................... 85 
Photo 24. X-Ray map for cerium versus titanium versus phosphorus that reveals a relatively coarse
grain of allanite (green) that coexists with titanite (red) and fluorapatite (blue). The areas of bright
green correspond to highest cerium levels and darker green zones have lower cerium and elevated
iron. ................................................................................................................................................... 85 


                                                                              vi
Photo 25. Backscattered electron image that reveals remnants of vesuvianite enveloped by calcium
carbonate alteration that was subsequently locally replaced by iron-rich alteration. The two alteration
events were overprinted by euhedral crystals of oscillatory zoned epidote. The cores and some outer
zones of the epidote are enriched in Y2O3 (light areas in grains) as at arrow. .................................. 87 
Photo 26. X-ray map for iron versus cerium versus calcium that reveals an alteration sequence marked
by calcium carbonate replacement of diopside and vesuvianite by followed by late iron-rich
replacement. Several grains of allanite (green) occur as inclusions within an unaltered part of a
diopside grain. ................................................................................................................................... 87 
TABLES
Table 1: Mean values and ranges for total REE, Light REE, Heavy REE and Yttrium in rare-earth
element pegmatites of the Wolverine group based upon historical exploration data. ....................... 19 
Table 2. Summary of highest total rare-earth element contents in bulk rock samples from various
occurrences on the Mount Bisson claim-group. The enrichment factor was computed by division of
sample total rare-earth content of sample by the average upper continental crust ∑REE value of 146
ppm in Taylor and McLennan (1985, p.46). ..................................................................................... 36 
Table 3. Summary of total rare-earth element content (ppm), yttrium (ppm) and chondrite normalized
La/Yb and Eu/Eu* ratios from various units of the Ursa REE occurrence. ...................................... 41 
Table 4. Summary of averages and ranges for ∑ La2O3+Ce2O3+Pr2O3+Nd2O3, ThO2 and UO2 (wt.%
oxide) in allanite from the Laura and Pegmatite 541 occurrences and the Wolverine Range intrusive
suite. .................................................................................................................................................. 50 
Table 5. Means and ranges of Y2O3 in allanite, epidote, titanite and vesuvianite in weight percent
oxide from four sample localities in the Mount Bisson area. Data from the Laura occurrence are from
Russell, Groat and Halleran (1994, p.276). N = number of analyses. .............................................. 54 
Table 6: Means and ranges for ΣREE and Y in samples from the Ursa rare-earth element occurrence
compared to the historical data. Concentrations given in ppm unless reported in weight percent. .. 72 
Table 7: Means and ranges for ΣREE and Y in samples from the Laura rare-earth element occurrence
compared to the historical data. Concentrations given in ppm unless reported in weight percent. .. 72 
Table 8. Duplicate analysis of various trace elements in split of biotite lamprophyre (148654) by
Activation Laboratories Ltd. and ALS Chemex Laboratories. ......................................................... 73 
Table 9. Duplicate analysis of various trace elements in split of titanite-diopside quartz diorite
(926530 and 926531) submitted to Acme Laboratories. ................................................................... 74 
Table 10. Analyses (ppm) of grab samples from sulphide mineralization associated with mafic to
intermediate intrusive rocks on the M-12000 Road. ......................................................................... 80 
APPENDICES

Appendix 1. Compilation of historical bulk rock composition data…………………………............101

Appendix 2. Bulk rock 2007 composition data (Activation Labs Ltd and ALS Chemex Labs
Ltd).......................................................................................................................................................106

Appendix 3. Electron microprobe 2007 mineral composition data......................................................122




                                                                              vii
Appendix 4. Bulk rock composition 2008-2009 data (Acme Analytical Labs Ltd and Geoscience
Laboratories of Ontario Geological Survey)………………………………………………................138

Appendix 5. Electron microprobe 2008 allanite composition data……………………….…….........162

Appendix 6. Mineral Identification by X-Ray Diffraction and SEM-EDS..........................................172




                                                      viii
3. SUMMARY
This report documents an initial investigation of the geology, mineralogy, petrochemistry and
economic geology of the Mount Bisson claim-group, which comprises 12 contiguous claims (area of
3862.56 hectares) situated 65 km northwest of Mackenzie, B.C. The property is currently the subject of
a joint-venture agreement in which Seymour Ventures Corporation may acquire a 60% ownership from
Paget Minerals Corporation upon fullfillment of terms in this agreement. Thus, this report is submitted
to the TSX-V exchange as part of an acquistion transaction. All geological, geochemical and
geophysical work was undertaken by the vendor Paget Minerals Corporation. Under Section 6.2 (2) of
NI 43-101, the property is classified as an “early stage exploration property”. Seasonal weather
conditions (snow cover) prevented the author from accessing the property and obtaining surface
samples, particularly from the Central Occurrence, at the time of the request from the issuer. The issuer
intends to rectify the necessity for a site inspection by the author during the 2011 field season.

Focus of the present work was upon rare-earth element mineralization developed in granitic pegmatites
and associated metasomatic alteration that comprises the Wolverine pegmatite field of Černý (2005).
The purpose of this investigation is to examine accessible rare-earth element mineralization of the
Mount Bisson claim-group and to undertake a bedrock chemical and mineralogical data-base that will
facilitate exploration for rare-earth elements in the area.

The rare-earth granitic pegmatites of the area belong to the NYF-geochemical family (Niobium-
Yttrium-Fluorine) that have been classified by Černý (2005) and Ercit (2005) as Abyssal class, AB-
LREE subclass. The rare-earth element mineralization of the 3 by 9 km Wolverine pegmatite field, as
named by Černý (2005), comprises granitic pegmatites and metasomatized host-rocks of the Wolverine
gneisses that form a high grade metamorphic portion of the Upper Proterozoic Ingenika group in the
Omineca crystalline complex (Mansy and Gabrielse 1978) and is known as the Wolverine
metamorphic complex (Ferri and Melville 1994).

Granitic pegmatites of the abyssal class occur in upper amphibolite to granulite facies metamorphic
terrain and supposedly bear a connection to anatectic leucosome (Černý 2005). Examples in Canada
include the Parry Sound, Hybla and Madawaska districts of Ontario and the Evans-Lou and Lapointe
quarries in Quebec (Černý 2005).

The Wolverine gneisses consist of a mélange of clastic metasedimentary rocks interlayered with
carbonate-rich lithologies (marble, calc-silicate rocks) and mafic gneisses that have endured high grade
metamorphism, severe ductile deformation and local partial melting that occurred during the middle
Jurassic. The clastic metasedimentary rocks reveal localized partial melting in metawacke and
metapelite compositions that produced in situ and intrusive masses of S-type, peraluminous, pegmatitic
granites.
Later granitic rocks of the I-type, 72.6±0.2 Ma Wolverine intrusive suite crosscut the structural fabric
in the Wolverine gneisses and locally generated metasomatic skarn envelopes in calcareous
metasedimentary host-rocks as at the Ursa rare-earth element occurrence. The intrusive rocks exhibit a
compositional spectrum of granite, quartz monzonite, quartz diorite, diorite and calc-alkalic granitic
pegmatite.
The initial discovery of rare-earth element mineralization was made by Halleran (1987a, b, c and 1991)
and was evaluated by detailed mapping, petrography, litho- and mineral chemical work. Total rare-
element element content of bulk rock samples was found to range from 0.03 to 13.5 wt.% (Halleran
(1991 and Table 1) with the highest levels found at the Laura No.1 and No.2 occurrences on Mount
Bisson.


                                                   9
Five rare-earth element mineralized localities (Laura, Ursa, Will # 1 and 2 and the M12000 Road
occurrences) were examined in this work that involve three distinct geological settings.

       Granitic to syenitic, I-type intrusive rocks and related pegmatite that are interlayered with
        allanite-diopside-rich skarns, ostensibly controlled by the contact between the Wolverine
        Range intrusive suite and highly deformed diorite gneiss and calc-silicate rocks of the
        Wolverine gneiss unit (Laura rare-earth element occurrence)

       Peraluminous, S-type pegmatitic granite hosted in calc-silicate and psammitic-metapelitic
        metasedimentary rocks of the Ingenika group (Ursa rare-earth element occurrence), and,

       Late, undeformed, calc-alkaline, quartz-rich pegmatites and associated diopside-rich alteration
        in host diorite and quartz diorite (M-12000 Road rare-earth element occurrence).

The M12000 Road occurrence, discovered in 2007 by the author, originally was situated on claim
568837 of Paget Minerals Corporation within a contiguous 22 claim block at Mount Bisson and
dropped by the vendor prior to the Seymour Ventures transaction. This mineral occurrence now lies on
claim 842836 (claim name CLONE 4) that is 456.87 hectares in area and belongs to A.R. Schindel as
determined by a search at https://www.mtonline.gov.bc.ca/mtov/searchTenures.do

The author cautions that the rare-earth element mineralization at this occurrence is not necessarily
indicative of that found on the adjacent Mount Bisson claim-group. Description of the M12000 Road
occurrence can be found in Section 17: Adjacent Properties.

The Laura occurrence is genetically affiliated with relatively undeformed, I-type granitic rocks of the
Wolverine Range intrusive suite that are exposed proximal to the rare-earth element mineralized zone
near Mount Bisson. Localization of the mineralization (512 to 7429 ppm total REE) is evident in sheets
of allanite-bearing syenite and titanite-plagioclase-diopside skarn that are concordant to the flat-lying
planar deformation fabric in diorite and quartz diorite in the host Wolverine gneisses.

The Ursa occurrence, with a range of 54 to 667 ppm total REE, reveals field evidence for allanite
mineralization associated with weakly peraluminous, S-type, granitic magmatism. Such rocks were
plausibly generated by partial melting of a metapelite protolith, a common rock type in the Ingenika
group. The mineralization occurs in an allanite-titanite-biotite-bearing, zoned potassic pegmatite that
has undergone extensive ductile deformation and lies concordant to its amphibolite-calc-silicate-marble
host-rocks.

The mineralization consists of black allanite and orange titanite that is mainly confined to a narrow,
plagioclase-rich border zone (667 ppm total REE) attendant to a diopside-rich skarn selvedge in calc-
silicate host-rocks. The biotite potassic pegmatite core zone contains anomalous but a lower total REE
content (370 ppm).

The M-12000 Road rare-earth element occurrence, found during this work, consists of vein systems of
undeformed, quartz-rich, titanite-diopside calc-alkaline pegmatite (2 to 3 m width over minimum 5 m
strike) hosted within lineated, titanite-hornblende diorite and quartz diorite.

The mineralization at the M12000 Road occurrence consists of calc-silicate pods within diopside-rich
quartz-rich segregations. These pods contain between 871 and 1463 ppm total REE, and exhibit very
complex mineralogy characterized by Y-epidote, allanite, titanite, vesuvianite and scheelite associated
with bright green diopside. Bulk rock values of 871 to 1463 ppm total REE occur in such zones with a


                                                   10
notable content of 123 ppm total HREE and 174 ppm yttrium. These results indicate a potential for
heavy rare-earth element mineralization in the M-12000 pegmatite system.

The allanite subgroup [(Ca,Ce,Y)2 (Al,Fe3+)3Si3O12(OH)] of the epidote group is the main rare-earth
element mineral of economic interest although subordinate concentrations of the rare-earth elements
can occur in coexisting titanite, fluorapatite and epidote. Electron microprobe analyses of allanite from
rare-earth element occurrences near Mount Bisson reveal an average La2O3+Ce2O3+Pr2O3+Nd2O3 of
20.3 wt.% and low to modest contents of deleterious elements such as ThO2 and UO2.

The Central Occurrence was discovered by T. Barresi during 2010 field work and one grab sample
from a 15 cm wide, allanite-rich, melanocratic pod hosted in biotite-bearing quartzofeldspathic gneiss
produced a ∑REE value of 8.64 wt.% (Paget Minerals Corp. News-Release, August 25, 2010), the
second highest documented in the claim-block to date in a database that includes the historical
analyses (see Appendix 1).However, the author cautions that this site has not been examined by a
qualified person and will be subject of an investigation by the author, as requested by the issuer, in the
2011 field season. Under Section 6.2 (2) of NI 43-101, the property is classified as an “early stage
exploration property”. Seasonal weather conditions (snow cover) prevented the author from accessing
the property and obtaining surface samples at the time of the request from the issuer.

No general exploration concept can be employed as the granite-related, rare-earth element
mineralization occurs in three distinct lithologic associations, as outlined above. Rather, exploration
should focus upon the particular rare-earth element-granite association of interest and its inferred
genetic history.

Further exploration is highly recommended for the claim-group that includes follow-up evaluation of
Central occurrence and systematic sampling and mapping of the Laura No.1 and No.2 and Will No.1
and No.2 occurrences. Bulk rock chemistry and soil sampling that focuses upon pathfinder elements
Ba, Sr, Ce, Nb and Th could prove useful in the exploration for I-type related rare-earth element
mineralization exemplified by the Laura #1 occurrence.


4. INTRODUCTION AND TERMS OF REFERENCE

4.1 Introduction
Seymour Ventures Corporation is a public company existing under the laws of Canada and listed on
the TSX-Venture Exchange (TSX-V: SEY). The company currently has no mineral properties but is in
the process of property acquisition as reported in its November 17, 2010 press release and also by
Paget Minerals Corporation in its November 18, 2010 News-release.

The purpose of this technical report is to support a submission with the TSX-Venture exchange that
involves a 60/40 joint venture agreement respectively between Seymour Ventures Corporation (TSX-
V:SEY) [‘Seymour’] and Paget Minerals Corporation [‘Paget’] whereby Seymour may acquire a 60%
interest in Paget’s Mount Bisson and Xeno rare-earth element properties in B.C. The financial details
of this proposed joint venture are given in Section 6. The Xeno property in the Dease Lake area of
B.C. will not be discussed in this report and the author has not visited this property.

Paget Minerals Corporation is a public mineral exploration company that was incorporated in British
Columbia on May 4, 2005 and was listed on the TSX Venture Exchange (TSX-V: PGS) on August 24,



                                                   11
2009. The company has a diverse portfolio of properties range from precious, base metals, and rare-
earth element deposits in British Columbia and in the Canadian Shield of eastern Canada.

4.2 Terms of Reference
Seymour Ventures Corporation requested that the author undertake an independent technical
assessment of the Mount Bisson rare-earth element property on November 25, 2010 and prepare a
report in compliance with the standards of the Canadian Securities Administrators’ National Instrument
43-101 (“NI 43-101”). Two periods of field investigation, which totalled 11 days, were undertaken by
the author in October 2007 and in July 2008. The scope of these investigations involved geological and
mineralogical examination and sampling of accessible outcrops over the claim-block and examination
and sampling of the historical rare-earth element occurrences (Ursa and Laura) along with a REE
occurrence. Two occurrences (Will #1 and 2) could not be located due to dense second growth forest
covering large areas in vicinity of the historical showings.

A third period of surface geological and geochemical work was undertaken from July 2 to 15, 2010 by
T. Barresi, a graduate student at Dalhousie University, and under the supervision of J. Bradford, P. Geo
of Paget Minerals Corp. This work was done independent of the author, although five reference grab
samples, analyzed by ALS Chemex Labs, were sent to the author in September 2010 for petrographic
examination. The results from one sample E922522 in this work are included in this report (see Central
Occurrence in Section 11.1.5).

The revision of this 43-101 report did not involve a field examination by the author of the 2010 surface
work conducted by Paget Minerals Corporation as seasonal weather conditions in the Mount Bisson
area rendered access impossible due to heavy snow cover. This is in accordance with Section 6.2 (2) of
NI 43-101 that classifies the property as early exploration stage. Under Section 6.2 (2) of NI 43-101,
the property is classified as an "early stage exploration property". Seasonal weather conditions (snow
cover) prevented the author from accessing the property and obtaining surface samples at the time of
the request from the issuer. The issuer will request that a site inspection be undertaken by the author as
soon as practicable during the 2011 field season and file a revised technical report in due course.

Major, minor and trace element analyses of 100 grab samples were undertaken by four certified,
commercial labs [Acme Analytical Laboratories Ltd. (“Acme”), ALS Chemex Laboratory Group
(“ALS Chemex”), Activation Laboratories (“Actlabs”) and the Ontario Geoscience Laboratory (“OGS
Labs”)]. These samples involved the Laura #1 and Pegmatite 541 in addition to the M-12000 REE
occurrence discovered during the author’s investigations. Verification of the mineral compositions at
these occurrences was undertaken by Dr. Andrew G. Tindle, a geoscientist at the Department of Earth
Sciences of The Open University, U.K., who has about 30 years experience in the mineralogy of rare-
metal mineralization. Verification of the mineralogical species present and their compositions was
undertaken with a Cameca SX-100 electron microprobe. Mineral identification was also undertaken at
the Geoscience Labs of the Ontario Geological Survey.

The author is independent of the Issuer Seymour Ventures Corporation and also independent of Paget
Minerals Corp and Pembrook Mining and has no material interest in these firms or in any of their
mineral properties. To the author's knowledge, there has been no material change to the Mount Bisson
property in terms of follow-up exploration. Previously a change in ownership had been undertaken as
detailed in Section 2 that involved Pembrook Mining Corporation and Paget Minerals Corporation.

The author is a practicing member in good standing with the Association of Professional Geoscientists
of Ontario (member #760).



                                                   12
4.3 Sources of information
The technical information used in this report was provided by Paget Minerals Corporation and also
from assessment files (MINFILE) of the British Columbia Department of Mines and Petroleum
Resources, various publications relating to government sponsored geological work in the area, the
unpublished 1991 M.Sc. thesis of A.A.D. Halleran, and two peer-reviewed geological journal
publications (Russell, Groat and Halleran 1994) and Halleran and Russell (1996). Files on possibly
similar rare-earth element mineralization such as the Mary-Kathleen U-REE and Hoidas Lake REE
deposits were also obtained via internet searches.

The author has assumed and relied upon the fact that all historical technical information listed in the
“References” section are accurate and represent the best practices of the industry standards of the time.
However, while a careful review of these data was undertaken, the author cannot guarantee their
accuracy and completeness.

Mineral tenure status was checked by the author at the site of Mineral Tenures Online BC at
https://www.mtonline.gov.bc.ca:443/mtov/home.do

5. RELIANCE ON OTHER EXPERTS
The main sources of information in this report are in the public domain as assessment files and maps
from MINFILE, unpublished M.Sc thesis of A.A.D. Halleran (1991), and publications of the B.C.
Department of Energy, Mines and Petroleum Resources. Other files on comparative deposit-types were
obtained from internet searches.

The Mount Bisson property was examined for a total of 11 days via field work in 2007 and 2008. The
field work was planned by the author. A further 14 days of field work was undertaken from July 2 to
15, 2010, by T. Barresi, a Ph.D. candidate at Dalhousie University. Mr. Barresi was under the
supervision of J. Bradford, P. Geo. of Paget Minerals Corp. and was not supervised by the author.

The author assumes and relies upon the fact that all historical technical information, as listed in the
References section, is accurate and represents the best practices of industry standards at that time.
However, while a careful review of these data was undertaken, the author cannot guarantee their
accuracy.

The       documentation        of       claim       status     was      undertaken       online      at
https://www.mtonline.gov.bc.ca:443/mtov/home.do but not verified with the B.C. provincial
government as the author is not qualified to validate the legal ownership of the property and therefore
cannot take any legal responsibility on this issue.

The author is not aware of any surface rights issues or environmental liabilities associated with the
property. No past mining activity has occurred within the current property area. No exploration follow-
up work has occurred subsequent to the author’s last field examination in July of 2008.

The author is not aware of any existing technical data other than provided by the company or that
within the public domain. Material changes have occurred subsequent to the author’s field
examinations and the 2010 field examination undertaken by T. Barresi. The first material changed
involved a change of ownership and the shares involved may be subject to escrow restrictions imposed
by the TSX Venture Exchange (Paget News-release November 24, 2009).




                                                   13
The second material change involves an option agreement between Paget Minerals Corporation and
Seymour Ventures Corporation (TSX-V: SEY) as announced in the November 18, 2010 News-release
of Paget Minerals Corp.

6. PROPERTY DESCRIPTION AND LOCATION
The claim-group, which lies within the Omineca Mining District of north-central British Columbia, is
situated 65 km northwest of the town of Mackenzie in the Swanell Mountains of the Omenica Ranges.
The claim-group occurs within map-sheets 093N/9, 093O/5, and 093O/12 of the National Topographic
System (NTS).The centre of the property is approximately at 438 000 E/615 000N Universe
Transverse Mercator (UTM) coordinates in Zone 10, NAD83.
The property initially consisted of 22 contiguous claims that were staked on November 2, 2005 and
October     29,      2007      as    verified    at    Mineral     Tenures    Online     BC     at
https://www.mtonline.gov.bc.ca:443/mtov/home.do
 The writer assumes that the locations of the claim-posts and claim-lines were accomplished by GPS
devices with the claim-lines blazed and flagged but his could not be verified, although a standard
practice in the mineral industry.
The locations of all known mineral occurrences within the claim-block are presented in Figures 2 and
3b that comprise the Laura #1 Laura #2, Ursa, Will #1, Will #2 and Central rare-earth element
occurrences. GPS data in the Universal Transverse Mercator system (UTM) on all samples collected
can be found in Appendices 2, 4, and 5.
The Mount Bisson property is 100 % owned by Paget Minerals Corporation. However, an
announcement in a November 18, 2010 News-release by the company indicated that Seymour Ventures
Corp. can acquire a 60% interest in the Mount Bisson and Xeno properties by fullfilling terms of the
joint venture agreement as detailed below. The property currently consists of 12 claims situated in the
Omineca Mining Division northwest of the town of Mackenzie. Previously, Paget Minerals Corp.,
announced in a November 24, 2009 News-release of the acquisition of a 100% interest in 22 claims
from Pembrook Mining Corp. ("Pembrook") covering 9,096 hectares located in the Omineca Mining
Division, British Columbia, known as the Mt. Bisson Property. As consideration for the acquisition of
a 100% ownership of the Property, Paget has agreed to issue 1,875,000 common shares to Pembrook
within ten days of receiving TSX Venture Exchange approval to the letter agreement; these shares may
be subject to escrow restrictions imposed by the TSX Venture Exchange. This transfer of shares in
regards to the Paget Minerals Corp. - Pembrook Mining Corp. transaction has been effected (D.
Volkert, Paget Minerals Corp., personal communication, February 15, 2011). There are no royalties,
back-in rights, payments or other agreements and encumbrances to which the property is subject
between Seymour and Paget
In addition, the Property shall be subject to a 2% net smelter returns royalty (NSR) in favour of
Pembrook. Paget shall be entitled to purchase, at any time, one half of the NSR by paying Pembrook
the sum of $1,000,000.
The recent 60/40 joint venture agreement between Seymour and Paget was announced on November
18, 2010 in a Paget News-release: “Seymour will pay $62,500 and issue 100,000 common shares of
Seymour to Paget upon receipt of applicable regulatory approvals. An additional $62,500 will be
payable to Paget on the first, second and third anniversaries of the option, together with an additional
100,000,    150,000      and      200,000     common        shares    of      Seymour,     respectively.

Pursuant to the option agreement, Seymour will be required to fund a $1,050,000 work program over 3



                                                  14
years on the properties. Paget will retain a 100% interest in the properties until all of the above
payments, work programs and share issuances are completed. In the event that Seymour exercises the
option, a 60/40 joint venture is deemed to be created to further develop the properties, with each party
contributing to their pro-rata portion of approved exploration programs. If either party decides not to
contribute to the joint venture and is diluted down to a 10% interest, their interest will convert to a 2%
Net Smelter Royalty (NSR), 1% of which may be purchased at the other party's option for
$1,000,000.”
Mineral tenure status was checked by the author at Mineral Tenures Online BC at
https://www.mtonline.gov.bc.ca:443/mtov/home.do with the information below as extracted from the
an Excel file from this website and all claims are currently in good standing until February 24, 2012.
However, a legal opinion has not been sought in regards to the status of these claims. The claim-group,
which is shown in detail in Figure 3b, covers a total area of 3862.56 hectares.

    Tenure           Name             Owner         Expiry Date        Status            Area
                                                                                      (hectares)
    522746           BISS 2          213190         2012/feb/24        GOOD             439.15
                                     (100%)
    522756          LAURA 4          213190         2012/feb/25        GOOD            109.9372
                                     (100%)
    522749           BISS 4          213190         2012/feb/26        GOOD            54.8499
                                     (100%)
    522755          LAURA 3          213190         2012/feb/27        GOOD            329.8395
                                     (100%)
    522745           BISS 1          213190         2012/feb/28        GOOD            329.6985
                                     (100%)
    522751          LAURA 1          213190         2012/feb/29        GOOD            457.899
                                     (100%)
    522747           BISS 3          213190         2012/feb/30        GOOD            384.0415
                                     (100%)
    522753          LAURA 2          213190         2012/feb/31        GOOD            457.701
                                     (100%)
    568815           YETI 2          213190         2012/feb/32        GOOD            146.346
                                     (100%)
    547760           BISS 5          213190         2012/feb/33        GOOD            457.5892
                                     (100%)
    568812           YETI 1          213190         2012/feb/34        GOOD            237.9224
                                     (100%)
    547761           BISS 6          213190         2012/feb/35        GOOD            457.5832
                                     (100%)
                                                                       TOTAL          3862.5574


The author is unaware of issues, environmental liabilities or encumbrances in regards to these claims.

Permits to undertake the recommended exploration work, as per Section 22, will be obtained by the
issuer upon completion of the joint venture agreement with Paget Minerals Corporation. In order to
obtain the permits, the issuer needs to make a proper application to the applicable government agency.




                                                   15
7. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES,
INFRASTRUCTURE AND PHYSIOGRAPHY

The Mount Bisson claim-group is situated in the Swannell Ranges of the Omineca Mountains
physiographic region (Holland 1976) in north-central B.C. (Figure 1) and adjacent to the southeastern
margins of the northern Rocky Mountain trench, the most striking physiographic feature of the region.
The elevations within the claim-group vary from about 1600 m at the summit of Mount Bisson to about
1000 m at the lowest elevations at Munro Creek.
The claim-group is situated 65 km northwest of the town of Mackenzie and peripheral parts of the
claim-group are readily accessible by a 120 km drive from via a network of generally well maintained,
gravel base logging roads that infiltrate the region, i.e., the Mackenzie, Manson River, Munro Camp
and Nation River forestry service roads.
The main service centre for the region is the town of Mackenzie with a population of 5,450 that is
located within the Rocky Mountain Trench at the southern end of Williston Lake, one of the largest
man-made reservoirs in North America. The town was named after the famous explorer Alexander
Mackenzie, who camped near the town site on his journey to the Pacific in 1793. The economy of the
town is mainly supported by two pulp and paper operations and by tourism.
The town of Mackenzie, at 701 m elevation, lies in the Northern and Central Plateaux and Mountains
climatic zone that is marked by a range in January temperatures of -7 to -14 C and July temperatures of
8 to 20 C. Summers are short, generally cool with little precipitation.
The claim-group lies in the Subalpine Forest vegetation region in which the characteristic dominant
species are Englemann spruce (Picea engelmannii), Alpine fir (Picea alpestris) and Lodgepole pine
(Pinus contorta).
The Ursa and M-12000 Road occurrences are readily accessible by logging roads. Access to the Laura
#1 and #2 occurrences is not possible by road, however, a recent logging road that branches off the
Munro Creek Road at UTM 438177E/6150313N (Zone 10) provides access within 2 km of these
occurrences. Access to the Central occurrence can be gained by a 1 km traverse northeast from a recent
logging road that ends on claim 522753 (Figure 3b). Helicopter service is available at Mackenzie and
affords the best means of access to the higher elevations as around Mount Bisson that include the
Laura occurrences.

The nearest source of hydro-electric power is situated 120 km via road at Mackenzie. Power needed to
support a mining project would thus require alternative energy sources such as diesel powered
generators.

The claim-block is quite hilly with a maximum relief of 600 m and thus only a few areas could support
a mining operation such in the nearby Munro Creek Valley adjacent to Munro Camp. This area could
also be utililized as a site for infrastructure for extraction of ore minerals and as a despository for
tailings. A relatively flat ridge lies in the immediate area adjacent to the Laura occurrence near Mount
Bisson and could support mining operations with development of a road east from the aforementioned
logging road. However, processing of ore would require a nearby source of water, as in Munro Creek
valley that is not available in sufficient volume in the area covered by this flat ridge. This valley would
serve as potential waste disposal area for tailings.

Several streams, such as the Manson River and its tributary Munro Creek, flow all year and could
provide sources of water. Personnel required to run the mining operations could be hired in Mackenzie
and Prince George. Esker deposits of sand and gravel are present in the area and may serve as



                                                    16
aggregate for road-building related to mineral development. The length of a normal field season runs
from late June to late September as road access is impacted by snow cover especially at higher
elevations.

8. HISTORY

Recorded mineral exploration in the area proximal to the Mount Bisson claim-group commenced with
discovery of graphite at the Mon occurrence near Munro Creek by Halleran (1985). Rare-earth
mineralization was subsequently discovered and staked in the Mount Bisson area in 1986 and 1987 by
Halleran (1988a). The initial discovery was made at the Ursa occurrence on Munro Creek that was
followed by further discoveries in 1987 at the Laura No.1 and No. 2 occurrences on the flanks of
Mount Bisson (Halleran 1988b) and the Will No.1 and No. 2 occurrences, situated 7 km to the
northwest near the Manson River, in 1988 (Halleran 1988c).
A prospector syndicate led by A. Halleran undertook detailed geological mapping, scintillometer
surveys and soil sampling over four small grids and optioned the claim-groups to Chevron Minerals
Limited (Halleran 1988b, c). Further geological mapping on the Laura grid was undertaken in 1989
(Halleran 1989). A summary of the geology, mineralogy and lab analytical work in regards to the five
rare-earth mineral occurrences was presented in the 1989 annual fieldwork report of the British
Columbia Geological Survey Branch (Halleran and Russell 1990). This work was funded in part by a
fame grant of the BC government. The extensive work of Halleran on the Mount Bisson area rare-earth
mineralization culminated in a M.Sc. thesis (Halleran 1991) and two peer-reviewed publications:
Russell, Groat and Halleran (1994) and Halleran and Russell (1996).

The analytical work undertaken by Halleran (1991, p. 29-56) from four rare-element occurrences
produced 31 bulk rock compositions of grab samples augmented by 429 electron microprobe analysis
of major rock-forming minerals (apatite, aegerine-augite, biotite, diopside-hedenbergite, hornblende,
K-feldspar, plagioclase and titanite). These data include twelve electron microprobe compositions of
the allanite subgroup of the epidote mineral group as defined by Giere and Sorenson 2004 and
Armbruster 2006. The historical bulk rock composition data are given in Appendix 1 and summarized
in Table 1. It should be noted that all samples selected during Halleran’s work are grab samples with
no photographic documentation of the outcrops sampled. More detail on the results of the Chevron
Minerals and A.A.D Halleran exploration work can be found in Table of section 9 and sections 11 and
12.
Exploration work on the rare-earth mineralization subsequently remained quiescent after 1989 except
for a property examination by Leighton (1997) undertaken for the Argonauts Group Limited that
involved a brief inspection of the geology and analyses of four grab rock samples from the Laura No.1
occurrence. These claims subsequently lapsed and were re-staked by Paget Minerals Corporation in
2005 and additional claims were added in 2007 that currently represent a group of 12 contiguous
claims with a 100 percent ownership by the company.

During October 2 to 8, 2006 an airborne magnetic-radiometric survey was conducted over the property
by Fugro Airborne Surveys Ltd. that involved 595 line-kilometres (see Section 21.1 for detailed
information).
There has been no mining development or any historical resource estimates of any mineralization-type
on the claim-group.




                                                 17
9. GEOLOGICAL SETTING

9.1 Regional geology
The Mount Bisson property is situated in the Ingenika group of the Omineca crystalline belt initially
defined by Gabrielse (1975) and subsequently divided into four groups by Mansy and Gabrielse
(1978). The Germansen Landing-Manson Creek area was the focus of a 4 year, 1:50 000 scale regional
geological mapping project by Ferri and Melville (1988, 1989, 1994) and the southeast corner of this
map area covers parts of claims 522746, 522747 and 522749 of the Mount Bisson property. This
project also included stream sediment and bulk rock analysis and a revision of MINFILE mineral
inventory of the area and available at http://www.em.gov.bc.ca/mining/GeolSurv/Minfile/ . Otherwise
no government sponsored geological mapping has been undertaken on the rest of the claim-group since
Tipper et al. (1974).

The Ingenika group is interpreted as Upper Proterozoic in age by Ferri and Melville (1988) and forms
part of the Cassiar continental margin assemblage (Colpron, Nelson and Murphy 2006) that is part of a
widespread zone of clastic metasedimentary rocks that stretches from southeastern British Columbia to
the northwestern Yukon (Roots 1988). This assemblage represents crustal rocks displaced from the
ancestral North American cratonic margin (Figure 1). In the project area, the Cassiar terrane comprises
lithologies that were complexly deformed and subjected to regional metamorphism during the middle
to Late Jurassic (Parrish 1979; Ferri and Melville 1994).

The term “Wolverine Metamorphic Complex” was employed by Ferri and Melville (1988; 1994) in
reference to a 5 to 50 by 150 km area of the Ingenika group rocks subjected to high-grade
metamorphism and severe deformation such that protolith recognition is difficult or impossible. The
term “Wolverine gneisses” will be used in this report in reference to the highly deformed and
metamorphosed lithologies within this complex (Ferri and Melville, 1988, p. 4) that locally have been
subjected to partial melting. The Ingenika group lies in structural contact to the west with the Slide
Mountain terrane that is much lower in metamorphic grade.

Granitic pegmatites of peraluminous composition and S-type characteristics (e.g., Breaks and Moore
1992) were plausibly generated during the middle Jurassic by partial melting of metawacke-metapelite
protoliths of the Wolverine gneisses. These distinctively white pegmatites are deformed, generally
subconcordant to the enclosing host rock foliation and exhibit boudinage and strong mineral stretching
lineations. Peraluminous minerals indicative of S-type granitic magmatism, such as sillimanite,
andalusite, garnet and tourmaline, are particularly prominent at locality 07-FWB-06.

Plutons interpreted as Late Cretaceous age and younger were also delineated by (Ferri and Melville
1988; 1994, p. 54-55) and are widely emplaced in the Wolverine gneisses. These rocks, grouped into
the Wolverine Range intrusive suite (Ferri and Melville 1994, p. 56) comprise batholiths, stocks and
narrow dykes of massive and weakly foliated biotite granite and granodiorite and related pegmatite that
commonly contain peraluminous minerals (muscovite and garnet).

The largest member of this group is an 8 by 10 km pluton of biotite granite and granodiorite situated
proximal to the Manson River that was delineated but unnamed by Ferri and Melville (1988). The
author has given the name “Chamberland Creek pluton” to this mass that has a southern lobe situated
within two km of the Wolverine pegmatite field (Figure 2). A U/Pb monazite age of 72.6±0.2 Ma was
determined by Ferri and Melville (1994, p. 56).




                                                  18
In vicinity of Mount Bisson, smaller masses of syenite, monzonite, quartz monzonite, diorite and
quartz diorite, up to 0.8 by 3 km in size, occur adjacent to the Laura No. 1 and No. 2 occurrences
(Figure 2) and were termed the “Mount Bisson intrusions” by Halleran (1991, p. 4). Similar rocks were
encountered in the present work near the Manson River (locality 07-FWB-03) and about 2 km north of
the Will No.1 and No.2 occurrences (localities 07-FWB-08, -10, -11 and -12). No absolute age
determinations are available for these rocks and are regarded by Ferri and Melville (1994, p. 55) as
Cretaceous or Tertiary in age. These plutons have been grouped into the Wolverine Range intrusive
suite in this report.

Table 1: Mean values and ranges for total REE, Light REE, Heavy REE and Yttrium in rare-earth element pegmatites of the
Wolverine group based upon historical exploration data.


 Occurrence       ∑REE         range      ∑LREE        range      ∑HREE         range         Y         range         n
 Laura No. 1       1.72        0.11 -       1.71       0.11-       83 ppm      11-360      71 ppm      12-282         21
 and 2                         13.50                   13.47                    ppm                     ppm
 Laura No.1        1.62        1.36-        0.59        0.57-       1.02        0.76-        1.53       1.40-             4
 (Leighton                     1.93                     0.62                    1.31                    1.93
 1997)
 Ursa               0.8        0.03-        0.79        0.03-      90 ppm      24-197      94 ppm      41-193             3
                               2.14                     2.12                    ppm                     ppm
 Will No. 1        0.51        0.14-        0.5         0.12-      95 ppm       82-        77 ppm       73-80             3
                               0.85                     0.84                  107ppm                     ppm
 Will No. 2         0.1       22 ppm        1.13      237ppm-      61 ppm       7-166                                     4
                              to 0.36                 4.0 wt.%                   ppm
                               wt.%


 Data compiled from Halleran (1988a, b, c and 1991) and Leighton (1997)
 Analyses in weight percent element unless indicated as ppm
 LREE = Light rare earth elements (La to Eu) and HREE = Heavy rare earth elements (Gd to Lu) as defined by
 Samson and Wood (2005)
 n = number of samples




                                                           19
Figure 1. Terranes and assemblages that comprise the western Cordillera of British Columbia and the Yukon with location of
the Mount Bisson rare-earth element property. Map source: Geological Survey of Canada
http://gsc.nran.gc.ca/cordgeo/terrane_e.php




                                                            20
Figure 2. General geology of the Wolverine rare-earth-type pegmatite field that depict locations of various mineral
occurrences described in this report. The bold red line represents the outline of the Mount Bisson claim-block. Details of the
individual claims that comprise this block can be found in Figure 3b. Geology compiled and slightly modified after Ferri and
Melville (1994) and Halleran (1991).


9.2 Property geology
The property and adjacent area comprise a diversity of rock-types that were examined during the field
investigations between October 2 and 5, 2007, July 17 and 23, 2008 and July 2 to 15, 2010, along
accessible roads and helicopter drop-offs. The lithologies encountered include the Wolverine gneisses
and later intrusive rocks. Three of the historical rare-earth element occurrences (Ursa, Laura #1 and #2)
were examined coupled with discoveries of a rare-earth element-mineralized pegmatite system at
locality 07-FWB-08 along the M-12000 Road (see M-12000 Road occurrence) by the author and at the
Central occurrence in 2010 by T. Barresi. The M12000 Road occurrence, discovered in 2007 by the
author, originally was situated on claim 568837 of Paget Minerals Corporation within a contiguous 22
claim block at Mount Bisson but was dropped by the vendor prior to the Seymour Ventures transaction.
This occurrence now lies on claim 842836 (claim name CLONE 4) that is 456.87 hectares in area and
belongs       to     A.R.      Schindel      as       determined      by     a     title    search     at:
https://www.mtonline.gov.bc.ca/mtov/searchTenures.do

The author cautions that the rare-earth element mineralization at this occurrence is not necessarily
indicative of that found on the adjacent Mount Bisson claim-group. The author also cautions that the
Central Occurrence was not examined by a qualified person in 2010 in regards to Section 6.2 (2) of NI
43-101. Under this section, the property is classified as an “early stage exploration property”. Seasonal


                                                             21
weather conditions (snow cover) prevented the author from accessing the property and obtaining
surface samples at the time of the request from the issuer and therefore the issuer will request that a
site examination be undertaken by the author in the 2011 field season.

Location data for all sample sites are provided using Universal Transverse Mercator (UTM) co-
ordinates for Zone 10 in North American Datum 1983 (NAD83) that utilized a Garmin 76 GPS unit. A
tabulation of all localities in which samples were sent to commercial laboratories for bulk analysis or
for electron microprobe analysis at The Open University, Milton Keynes, United Kingdom, is given in
Appendices 2 and 4 and. The locations of all samples are also shown in Figures 3a, 3b, 10, and 15.

The bulk rock chemical data was processed with the Geochemical Data Toolkit (GCD kit) that is
petrogenetic software freely available at http://www.gla.ac.uk/gcdkit/ (Janousek, Farrow and Erban
2006). The chemical variation of the rare-earth elements was mainly assessed with chondrite-
normalized plots calculated by the reference standard of Boynton (1984). The chondrite-normalized
ratios La/YbN and Eu/Eu* are respectively employed to reveal the degree of the rare-earth element
fractionation and the extent of repletion/depletion of europium.

The ensuing text will now provide detailed field, petrographic and mineralogical features of all
lithological groups encountered. Fourteen thin-sections from zones of rare-earth element
mineralization were selected for Cameca SX-100 electron microprobe analysis and generation of X-
Ray maps. These data comprise 1179 mineral compositions that are given in Appendices 3, 5 and 6
along with analytical conditions and standards used for the probe work and details of the X-Ray map
procedure. The probe work was designed as a pilot project at the Department of Earth Sciences of The
Open University to determine if such data could facilitate exploration of rare-earth elements in the
study area.




Figure 3a. Locations of 2007 sample sites within and proximal to the Mount Bisson claim-group. Present outline of the
claim-group is shown in red. Triangles give locations of all known rare-earth element occurrences. The locations of samples
collected in 2008 are given Figures 10 and 15.



                                                            22
Figure 3b. Locations of 2010 sample sites and known rare-earth element mineral occurrences within and adjacent to the
Mount Bisson claim-group. This map also includes location of the Manson River East Cu-W-Ag occurrence that lies adjacent
to the claim-block.




                                                          23
9.2.1 Wolverine Metasedimentary Gneisses

This group comprise the most abundant rock types in the area investigated and are exposed at 80
percent of the localities in Figure 3. The most common lithologies comprise:
        clastic metasedimentary rocks (quartz arenite, wacke and metapelite),

        calcium-rich metasedimentary rocks (marble, calc-silicate rocks and calcareous
         metapelites and wackes), and,

        diorite and quartz diorite gneiss.

Thin layers of amphibolite of unknown derivation are interlayered with calc-silicate rocks such as
at the Ursa rare-earth element occurrence.

9.2.1.1 Metawacke, Metapelite and Related Migmatites

Excellent exposures of clastic metasedimentary rocks occur at locality 07-FWB-06 where a freshly
blasted section reveals typical Wolverine metasedimentary gneiss (Photo 1).




Photo 1. Good exposure of highly deformed and locally migmatized clastic metasedimentary rocks on the Munro Camp
Road. Arrow on the right side indicates a dyke of peraluminous, S-type pegmatitic granite that is discordant to host-rock
foliation and yet has been subjected to ductile deformation along its contact.

The outcrop consists of strongly foliated and lineated biotite and garnet-biotite metawacke and biotite-
sillimanite metapelite that locally reveal low leucosome-fraction partial melt features. Here, metatexite
contains thin, deformed leucosomes oriented concordant and at low angles to the dominant foliation of
the mesosome host. Similarly, partially melted, sillimanite-bearing metawacke and metapelite were
encountered at 07-FWB-08 on the M-12000 Road and a high degree of flattening of leucosomes is
notable in the sillimanite-rich metapelite host-rocks such that the granite leucosome and mesosome


                                                           24
constituents of the migmatite become blurred and may only be clearly distinguished on rock slabs
etched with hydrofluoric acid and stained for K-feldspar.
The clastic metasedimentary constituent contains white weathering granitic pegmatite masses that are
generally subconcordant or modestly discordant to the host rock foliation but yet reveal evidence of
overprinting deformation along the pegmatite contacts or by foliations that refract across such bodies
(Photo 1). These rocks are described in more detail below (see Peraluminous, S-Type granitic
pegmatites).




              Figure 4. Chondrite-normalized REE plot for various clastic metasedimentary rocks from the Wolverine gneisses.


Clastic metasedimentary rocks of the area reveal chondrite patterns that are mostly confined to a band
with total rare-earth elements in the range 162 to 199 ppm (Figure 4). These modestly negatively
sloping patterns (12.7<La/YbN<28.1) compare closely with the average post-Archean Australian shale
composite (PAAS) of Taylor and McLennan (1985) that is a good estimate of the average upper
continental crust composition.

Only one sample (148674: sillimanite-biotite metapelite) at locality 07-FWB-16 contains anomalous
rare-earth element concentrations (756 ppm) that depart from the otherwise tight compositional cluster
of the other clastic metasedimentary rocks. The mineral repositories of the rare-earth elements are not
known but these could include monazite.




                                                        25
9.2.1.2 Quartz Arenite and Quartz-rich Metawacke

These rock types, described by Ferri and Melville (1988, 1994), are abundant to the west of the
marble-calc-silicate rock band in Figure 2 but were only observed at locality 07-FWB-15. Here, layers,
5 to 30 cm thick, are tectonically layered with garnet-biotite metawacke and sillimanite-biotite
metapelite (Photo 2).




Photo 2. Highly tectonized layers of buff coloured quartz arenite (towards left side of photo) within a dominant, dark brown
sillimanite-biotite metapelite at locality 07-FWB-15.

9.2.1.3 Calcium-rich Clastic Metasedimentary Rocks

Rocks that comprise this unit were only found at locality 07-FWB-17 where a garnet-quartz-
hedenbergite-plagioclase rock, interpreted as a calcium-rich metawacke, is layered with potassic
feldspar-rich bands that conceivably represent meta-arkose. Minor amounts of fluorapatite, titanite and
allanite were also confirmed in thin section and by electron microprobe analysis.

Late fracture-controlled alteration, locally with quartz-rich lenticles, transects the foliation at this
locality and indicates that breakdown of K-feldspar and hedenbergite occurred in these domains. Such
bands post-date formation of the allanite as micro-fractures related to this deformation event slice
through some grains of this mineral.

9.2.1.4 Calc-Silicate Rocks and Marble

These rocks are mainly confined to a southeast-striking band, up to 200 metres wide, that was
delineated by Ferri and Melville (1988). This unit is traceable for at least 10 km from the Chamberland
Creek pluton on the north to beyond the southeastern limits of their map-area. Elsewhere, calc-silicate
rocks and calcite marble were encountered as small outcrops (e.g., locality 07-FWB-01) or as layers up


                                                            26
to 3 metres in thickness within a dominant clastic metasedimentary host as at localities 07-FWB-04 and
-17. The mineralogy consists of calcite, plagioclase, diopside, phlogopite, and minor garnet, epidote,
and pyrite. Diopside is a characteristic mineral and can compose up to 60 percent of the mode.
The Ursa rare-earth element pegmatite is situated within the mid-part of the calc-silicate band at
Munro Creek where a diopside-biotite-calcite-plagioclase unit is dominant and locally layered with
thin amphibolite. Diopside-rich skarn envelopes are conspicuous at this locality adjacent to a granitic
pegmatite that has subjected to severe ductile deformation and late discordant biotite- and hornblende-
bearing, medium-grained granite dykes.

9.2.1.5 Migmatized Tonalite and Quartz Diorite

Rocks of this map unit consist of tonalite and quartz diorite that have been subjected to high strain and
intense migmatization. These rocks occur at localities 07-FWB-13, -14 and -18 and proximal to the
Laura occurrence where these are widely distributed. Near the Munro Creek at locality 07-FWB-13, a
0.6 by 0.8 km mass was included in the “Mount Bisson intrusions” by Halleran and Russell (1990, p.
298).
These migmatites are characterized by compositional layering marked by light pink, coarse-grained to
pegmatitic, granite and syenite leucosomes, 1 to 5 cm in thickness, that have been severely flattened
such that rootless, intrafolial, isoclinal folds and shear bands are commonly evident. Some areas of the
quartz diorite mesosome have undergone hornblende porphyroblastesis that imparts a coarsening to
the host of the leucosome layers (Photo 3).

There is no absolute age determination for these complex rocks, however, given the high state of
deformation and migmatization, such material could represent slivers of granitic basement to the
Wolverine metasedimentary gneisses that were thrust into the metamorphic complex. However, no
contact relations with the enclosing Wolverine metasedimentary rocks were observed. The migmatized
quartz diorite to tonalite rocks are intruded by white, relatively massive, biotite-bearing, granitic
pegmatitic leucogranite of probable S-type, peraluminous derivation, as at locality 07-FWB-14, where
enclaves of the migmatized quartz diorite were noted.




                                                   27
Photo 3. Highly strained, migmatitic quartz diorite to tonalite with granite leucosomes in which severely flattened, isoclinal
folds are barely discernible (as left of pencil).

9.2.2 Felsic to Intermediate Intrusive Rocks

Lithologies of this category are abundantly distributed in the area and comprise two groups.

9.2.2.1 Peraluminous, S-type Granitic Pegmatites

Granitic pegmatites of this category consist of pegmatitic leucogranite and potassic pegmatite in the
pegmatitic granite classification of Černý and Meintzer (1988). The presence of strongly peraluminous
accessory mineralogy such as andalusite, sillimanite, garnet and tourmaline, as exemplified by locality
07-FWB-06, in the context of a high grade clastic metasedimentary setting, supports a S-type origin for
these granitoid rocks. Similar granitic pegmatites are widespread in high grade, clastic
metasedimentary-dominant subprovinces in the Superior Province of Ontario as observed and
delineated by the author (Breaks 1991; Breaks and Moore 1992; Breaks, Selway and Tindle 2005 and
2006).
These pegmatites are modestly to intensely deformed (Photo 1) and marked by a cataclastic,
protomylonite texture and a quartz mineral stretching lineation. These pegmatite masses may have been
emplaced during several anatectic events prior to a final overprint of ductile deformation.
At the Ursa rare-earth element occurrence, an internally zoned potassic pegmatite is poorly exposed
(henceforth named the “Ursa pegmatite”) but appears to be concordant to the foliation of host rocks that
consist of calc-silicate metasedimentary rocks layered with amphibolite, as surmised from very limited
rock exposure.




                                                            28
Figure 5. Chondrite-normalized REE plot for peraluminous, S-type granitic pegmatites of the Mount Bisson area.

These rocks are severely depleted in rare-earth elements with the range of total rare-earth elements of
37.6 to 54.3 ppm (Figure 5). Such values are approximately 0.3 to 0.5 times the upper continental
crustal average (140 ppm: Taylor and McLennan 1985). A similar degree of rare-earth element
depletion is typical of Archean S-type pegmatitic granites of the Quetico subprovince of Ontario
(Breaks, Selway and Tindle 2008).
The rare-earth element chondrite patterns are typically flat to modestly negatively sloping
(3.5<La/YbN<29.3) and are characteristically marked by positive europium anomalies
(1.08<Eu/Eu*<2.76) due to retention of Eu2+ by feldspar-rich rocks such as these.
Rocks of this category are generally not good candidates for achieving economic concentrations of the
rare-earth elements because of their very low calcium content.

9.2.2.2 Wolverine Range Intrusive Suite

This lithologic group is dominated in the immediate area by the 78.2 ±2 Ma Chamberland Creek pluton
(Figure 2). Related dykes and were encountered at several localities in the area as proximal to the
southeastern flanks of the pluton as along the Manson River Forestry Service Road (e.g., locality 07-
FWB-02). Here, white weathered, massive, predominantly medium-grained, biotite granite is exposed.
Sporadic garnet and K-feldspar megacrysts up to 1 cm diameter occur in the granite that is later
transected by fracture-controlled chlorite and hematite alteration. Halos of retrograde alteration, marked
by chlorite replacement of biotite, are evident up to 1 cm from these fractures.
Two identical masses, respectively 0.3 by 1.5 and 0.3 by 0.6 km in surface dimensions, were
encountered proximal to the Laura rare-earth element occurrence and comprise part of this intrusive



                                                           29
suite (Figure 2).Similar dykes of biotite granite, which intrude the Wolverine gneisses, were found at
localities 07-FWB-03, -05 and -16, and 08-FWB-07.
At the Ursa rare-earth element occurrence, post-tectonic, planar dykes of biotite granite sharply intrude
its calc-silicate host-rocks where 5 to 10 cm thick skarn rinds are obvious and dominated by coarse-
grained, bright green diopside (60-70 %).

9.2.3 Mafic to Intermediate Intrusive Rocks

Rocks of this unit are relatively minor in abundance and mostly confined to the M-12000 Road intrusive
complex that includes the area around the Will #1 occurrence.

9.2.3.1 M12000 Road Intrusive Complex

Rocks of this mass, which was not comprehensively delineated by this work, occur along the M-12000
Road at localities 07-FWB-08, -10, -11 and -12 (Figure 3b) and proximal to the Will # 2 occurrence at
localities 08-FWB-02 and -06 (Figure 14). This intrusive complex is at least 3 by 5 km and consists of
biotite-diopside-hornblende diorite, quartz diorite and sparse quartz monzonite that contain sparse mafic
to ultramafic plutonic enclaves.

Small amounts of allanite, titanite, diopside, epidote, rutile, magnetite, ilmenite, zircon and pyrite were
observed in thin section and confirmed by electron microprobe work in the majority of rock types of
this complex (see M-12000 Road rare-earth element occurrence in Section 17.2).

Isolated exposures of massive, white weathering, biotite granite at localities 07-FWB-09, 07-FWB-12
and 08-FWB-07 are petrographically identical to the Chamberland Creek pluton and represent dykes or
small stocks that cut the M-12000 Road intrusive complex.
The chondrite REE patterns (Figure 6) are generally modestly sloping (7.2<La/YbN<29) and usually
with small positive europium anomalies (0.98<Eu/Eu*<1.6). Sporadic K2O-rich ultramafic enclaves,
mineralized with chalcopyrite, pyrrhotite and scheelite, have a higher content of total rare-earth
elements (240 ppm) than a sample of a similar rock selected a small distance from the mineralized zone
(72 ppm). The highest total rare-earth element value occurs in a biotite-clinopyroxene-hornblende
diorite (528 ppm) and is petrographically similar to titanite-diopside-hornblende diorite at the M-12000
Road rare-earth element occurrence.




                                                   30
Figure 6. Chondrite-normalized REE plot for various units of the M-12000 Road intrusive complex.


9.2.3.2 Lamprophyre Dykes

A one-metre thick, fine-grained, undeformed, pyrite-hornblende-biotite lamprophyre dyke cuts across
calc-silicate and metawacke units at locality 07-FWB-04. The rock has a panidiomorphic granular
texture marked by 20% randomly oriented biotite laths that are enveloped by plagioclase and rare quartz
phenocrysts up to 2 mm diameter. Accessories include epidote, allanite, apatite and titanite.

The bulk rock chemistry suggests a lamprophyric affinity with the elevated K2O, Ba, Sr and total rare-
earth elements and modest fractionation of the LREE (Appendix 2). The chondrite rare-earth element
plot, with gently sloping negative curves (La/YbN = 24.4 to 30.2) bear a similarity to lamprophyres that
occur elsewhere, as for example, the Cretaceous camptonites of northwestern Namibia (Roex and
Lanyon 1998).


10. DEPOSIT TYPES
The rare-earth mineralized granitic pegmatites of the Wolverine field belong to the NYF geochemical
family (Nb-Y-F) and were classified by Černý (2005) and Ercit (2005) as Abyssal class, AB-LREE-
subclass.This deposit type is currently the sole target of the proposed exploration program.

The granite-related, rare-earth element mineralization in the Wolverine pegmatite field occurs in three
distinct geological settings and hence no singular exploration model is applicable:

       post-tectonic, quartz-rich, calc-alkaline pegmatite vein system hosted in diorite and quartz
        diorite (M-12000 Road occurrence),



                                                       31
   S-type, peraluminous granite and pegmatite hosted in calc-silicate units of Wolverine gneiss
        (Ursa occurrence), and,
       contact skarn mineralization layered with I-type, syenite, syenogranite, and trondhjemite of the
        72.6±0.2 Ma Wolverine Range intrusive suite (Laura # 1, #2 and Pegmatite 541 occurrences
        and possibly the Central occurrence).

Future exploration should focus upon the particular rare-earth element-lithologic association and
inferred genetic history as summarized below:
Ursa Rare-Earth Mineralization Type

At the Ursa occurrence, relatively early, ductily deformed, weakly peraluminous to metaluminous
granitic pegmatites of plausible S-type origin contain local concentrations of allanite in border zones
that contact calc-silicate and marble host-rocks. Skarn selvedges of contact metamorphic origin are
characteristic of the pegmatites of this group and typically are diopside-rich with sparse garnet, epidote,
and scheelite.

Exploration for this type of rare-earth element mineralization should focus upon delineation of
peraluminous pegmatitic granite intrusions that have elevated calcium contents and characterized by
diopside, titanite, epidote and allanite due to interaction with calc-silicate host-rocks.

Laura Rare-Earth Mineralization Type

The second type of rare-earth element mineralization is exemplified by the Laura and Pegmatite 541
occurrences that are inferred to be genetically related to the 72.6±0.2 Ma Wolverine Range intrusive
suite. Here, masses of allanite-titanite-plagioclase-diopside skarn are interlayered with allanite-diopside
sodic pegmatite, and medium-grained, quartz-bearing syenite, syenodiorite, monzogranite and
trondhjemite along the contact zone with the Wolverine gneiss. Such metaluminous to weakly
peraluminous rocks have similarities to volcanic arc granitic rocks in terms of trace element
classification schemes that involve high field strength elements (HFSE) such as Ta, Nb, and Y (Pearce,
Harris and Tindle 1984). The Central Occurrence is currently of undetermined genetic affiliation but
may be related to the Laura occurrence situated 3.6 km to the SE. Further field examination is required
to define whether a genetic relationship exists between the Laura and Central occurrences.

Skarn mineralization that contains allanite appears widespread on global basis as inferred from an
internet search of relevant publications. In contrast, allanite is relatively sparse in carbonatite intrusions,
silica-undersatured alkaline intrusive rocks (Plimer 1993) and quartz-bearing granitic rocks enriched in
alkali metals (e.g., Rodeo de los Molles REE-Th deposit, Argentina: Lira and Ripley 1991).

The Mary-Kathleen U-REE deposit in Australia exemplifies an association of allanite with a diopside-
rich, calcic skarn spatially associated with the endoskarns related to the 1.7Ga Burstall granite (Page
1982; Oliver 1995; Australian Geoscience: http:// www.ga.gov.au/image_cache/GA3785.pdf ). The
formation of this deposit, however, is interpreted as a later event related to regional metamorphism,
ductile shearing and hydrothermal mobilization (Maas et al. 1987).

During 1958 to 1982, 9.5 million tonnes of ore that averaged 0.13 wt.% U3O8 were mined and this
development included 200, 000 tonnes of allanite-rich ore with an average grade of 2.6 wt.% total
REE (Plimer 1993). The author, however, is unable to verify the information in relation to the tonnage
and average grade of the Mary-Kathleen U-REE deposit and therefore these data are not necessarily
indicative of mineralization on the Mount Bisson claim-group that is the subject of this technical report.




                                                     32
Mineralization of a possibly similar style occurs at Hoidas Lake in the Rae Province in northern
Saskatchewan, where rare-earth elements, present in allanite and apatite, are associated with a diopside-
rich skarn contained within a shear zone called the Hoida-Nisikkatch fault (Gunning and Card 2005).
Rare-earth element mineralization of probable skarn affiliation and associated with calc-silicate,
paragneiss and mafic metavolcanic rocks are also known in northern Quebec where veins enriched in
allanite occur at the Lataille showing. Samples of Madore et al. (2002) and Labbe et al. (2003) returned
an average of 0.25 wt % total REE and with a maximum content of 1.59 wt.%.

Halleran (1991) interpreted the metasomatism and origin of the rare-earth element mineralization at the
Laura occurrence as due to alkalic intrusive activity and related fenitization. However, data in present
work (electron microprobe analysis and lithochemistry) have thus far indicated a complete absence of
minerals and rock types that substantiate the presence of fenitization such as aegerine-augite,
arfvedsonite group, and riebeckite group. Fenitization is commonly linked to undersaturated, alkaline
intrusive rocks such as nepheline syenite, ijolite and urtite or to carbonatite masses (Bell 1989) and
these two lithologic groups were not observed on the property.

Evidence of metasomatism and rare-earth element enrichment due to interaction with pegmatite-
forming fluids was, however, noted along the contact of Pegmatite 541 near the Laura occurrence where
diorite of the Wolverine gneiss host-rocks contains a notable increase in diopside, titanite and allanite at
the partial expense of hornblende.
Exploration should closely examine the contact zones between plutons of the Wolverine Range
intrusive suite and the Wolverine metasedimentary gneisses, particularly where interleaved calc-silicate
units are involved that could generate skarn mineralization through magmatic interaction.

M-12000 Road Rare-Earth Mineralization Type

The M-12000 Road occurrence constitutes the third rare-earth element mineralization type documented
in this work. This occurrence was originally situated on claim 568837 of Paget Minerals Corporation
within a contiguous 22 claim block at Mount Bisson but was dropped by the vendor prior to the
Seymour Ventures transaction. This occurrence now lies on claim 842836 (claim name CLONE 4) that
is 456.87 hectares in area and belongs to A.R. Schindel as determined by a title search at:
https://www.mtonline.gov.bc.ca/mtov/searchTenures.do

The author cautions that the rare-earth element mineralization at this occurrence is not necessarily
indicative of that found on the adjacent Mount Bisson claim-group.

The showing consists of vein systems of undeformed, quartz-rich, titanite-diopside calc-alkaline
pegmatite (2-3 m width and exposed over 5 m minimum strike length) hosted within lineated, titanite-
hornblende diorite and quartz diorite. The mafic rocks, in turn, are contained within migmatized and
highly deformed clastic metasedimentary rocks. A distinctive green metasomatic aureole is
symmetrically deposed along the vein margins and comprises titanite-diopside enrichment in
hornblende quartz diorite that is evident along the flanks of the pegmatite veins.

Elevated total REE contents up to 1463 ppm, with the highest yttrium (124 ppm) and total HREE values
(123 ppm), were found in grab samples from the occurrence. Epidote, titanite and vesuvianite reveal
enrichment in Y2O3 up to 3.5 wt.%. The close geochemical similarity of yttrium with some of the
HREE’s such as holmium and gadolinium (Samson and Wood 2005) suggests that exploration potential
exists in the immediate area of this occurrence for such elements




                                                    33
Exploration is recommended that targets mafic and intermediate plutonic rocks of the M-12000 Road
intrusive complex in the northern part of the claim-group at least to further delineate this new type of
rare-earth element mineralization type which is entirely open in strike length.

11. MINERALIZATION
The Mount Bisson claim-group contains two mineral deposit types and both were examined by the
author:

       Cu-W-Ag in mafic intrusive rocks (Manson River East Occurrence), and,

       Rare-earth element mineralization hosted in diverse lithologies at four localities.

Grab samples were collected from various localities and those destined for analysis consisted of fresh
pieces of bedrock collected over representative areas of a given outcrop. Between 0.5 and 21 kg of
rock material was selected and the sample size was dependent upon grain size. For coarse-grained to
pegmatite units, larger amounts were collected and up to 21 kg. All samples selected for analysis were
homogeneous with respect to grain size at the collection site. The author is not aware of any sampling
factors that could impact the accuracy and reliability of the chemical data. However, the author
cautions that grab samples are by nature selective and therefore may not represent average grades.

The mineralization at the Manson River East Occurrence and the M12000 Road occurrences were
situated on claim of the Mount Bisson claim-group when the author conducted field work for Paget
Minerals Corp in 2007 and 2008. As these mineral occurrences now exist on property adjacent to the
Seymour claim-group, the detailed description of the mineralization has been transferred to “Adjacent
Properties” in Section 17. The author cautions that the mineralization at these occurrences is not
necessarily indicative of that found on the adjacent Mount Bisson claim-group.

The rare-earth element mineralization in the Wolverine pegmatite field exposed on the claim-group
occurs in two distinct local geological settings and hence no singular deposit model is applicable:
       Laura #1, #2, Pegmatite 541 and Central occurrences: granitic to syenitic intrusive rocks and
        related pegmatite that are interlayered with allanite-diopside-rich skarns ostensibly controlled
        by the contact between the 72.6±0.2 Ma Wolverine Range intrusive suite and highly deformed
        diorite gneiss and calc-silicate rocks of the Wolverine gneiss unit, and

       Ursa occurrence: peraluminous, deformed, S-type pegmatitic granite hosted in calc-silicate and
        psammitic-metapelitic metasedimentary rocks of the Ingenika group.

The allanite subgroup [(Ca,Ce,Y)2 (Al,Fe3+)3Si3O12(OH)] of the epidote group is the main rare-earth
element mineral of economic interest although subordinate concentrations of the rare-earth elements
can occur in coexisting titanite, fluorapatite and epidote. Electron microprobe analyses of allanite from
rare-earth element occurrences near Mount Bisson reveal an average La2O3+Ce2O3+Pr2O3+Nd2O3 of
20.3 wt.% and low to modest contents of deleterious elements such as ThO2 and UO2.


A summary of mean contents and ranges for ∑REE and Y from various occurrences examined by the
author is presented below and compared to historical data.




                                                   34
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)
Technical Report: Mount Bisson Property (Rare Earth Industries)

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Technical Report: Mount Bisson Property (Rare Earth Industries)

  • 1. Geological Report on the Mount Bisson Rare-Earth Element Claim- Group Omineca Mining Division North-central British Columbia 55°32’25”N 123°58’23”W NTS Reference 93N/9, 93O/5, 93O/12 NI 43-101 Technical Report For Seymour Ventures Corporation 1620-609 Granville Street Vancouver, B.C. V7Y 1C3 Prepared By Frederick W. Breaks, Ph.D., P.Geo. Consulting Geologist Sudbury, Ontario November 28, 2010
  • 2. TABLE OF CONTENTS _______________________________________________________________ 1. Title Page…………………………………………………………………………………................i 2. Table of Contents…………………………………………………………………………………...ii Figures……………………………………………………………………………………………....iv Photos…………………………………………………………………………………………….....v Tables……………………………………………………………………………………………….vii Appendices…………………………………………………………………………………………viii 3. Summary ......................................................................................................................................... 9  4. Introduction And Terms Of Reference ......................................................................................... 11  4.1 Introduction ................................................................................................................................. 11  4.2 Terms Of Reference .................................................................................................................... 12  4.3 Sources Of Information............................................................................................................... 13  5. Reliance On Other Experts ........................................................................................................... 13  6. Property Description And Location .............................................................................................. 14  7. Accessibility, Climate, Local Resources, Infrastructure And Physiography ................................ 16  8. History .......................................................................................................................................... 17  9. Geological Setting ......................................................................................................................... 18  9.2 Property Geology ........................................................................................................................ 21  9.2.1 Wolverine Metasedimentary Gneisses ..................................................................................... 24  9.2.1.1 Metawacke, Metapelite And Related Migmatites ................................................................. 24  9.2.1.2 Quartz Arenite And Quartz-Rich Metawacke ....................................................................... 26  9.2.1.3 Calcium-Rich Clastic Metasedimentary Rocks .................................................................... 26  9.2.1.4 Calc-Silicate Rocks And Marble........................................................................................... 26  9.2.1.5 Migmatized Tonalite And Quartz Diorite ............................................................................. 27  9.2.2 Felsic To Intermediate Intrusive Rocks ................................................................................... 28  9.2.2.1 Peraluminous, S-Type Granitic Pegmatites .......................................................................... 28  9.2.2.2 Wolverine Range Intrusive Suite .......................................................................................... 29  9.2.3 Mafic To Intermediate Intrusive Rocks ................................................................................... 30  9.2.3.1 M12000 Road Intrusive Complex ......................................................................................... 30  10. Deposit Types ............................................................................................................................. 31  11. Mineralization ............................................................................................................................. 34  11.1.1 Ursa Occurrence..................................................................................................................... 36  11.1.1.1 Mineral And Lithochemistry ............................................................................................... 41  11.1.2 Laura Occurrence ................................................................................................................... 43  11.1.2.1 Lithochemistry .................................................................................................................... 47  11.1.3 Pegmatite 541......................................................................................................................... 50  11.1.4 Will #1 And #2 Rare-Earth Element Occurrences ................................................................. 52  11.1.6 Summary Of Anomalous Rare-Earth Element Concentrations ............................................. 54  11.1.6.1 Bulk Rock Samples ............................................................................................................. 54  11.1.6.2 Summary Of Light Rare-Earth Element And Yttrium-Bearing Minerals Documented By Electron Microprobe Analysis .......................................................................................................... 54  ii
  • 3. 11.2.1 Cordierite-Orthoamphibole Lithologies Potentially Linked With Volcanogenic Massive Sulphide Mineralization .................................................................................................................... 55  12. EXPLORATION......................................................................................................................... 59  12.1 Geophysical Surveys ................................................................................................................. 60  12.1.1 Magnetic Surveys................................................................................................................... 60  12.1.2 Radiometric Surveys .............................................................................................................. 61  12.2 Soil Sample Surveys ................................................................................................................. 61  12.2.1 Laura Grid .............................................................................................................................. 61  12.2.2 Will #1 Grid ........................................................................................................................... 62  12.2.4 Ursa Grid ................................................................................................................................ 62  12.3 Stream Sediment Surveys ......................................................................................................... 62  12.4 Results ....................................................................................................................................... 62  13. DRILLING .................................................................................................................................. 65  14. Sample Method And Approach................................................................................................... 65  15. Sample Preparation, Analyses And Security .............................................................................. 65  15.1.1 Acme Analytical Laboratories Ltd. ........................................................................................ 67  15.1.2 ALS Chemex Laboratory Group ............................................................................................ 67  15.1.3 Activation Laboratories ......................................................................................................... 67  15.1.4 Geoscience Laboratories - Ontario Geological Survey .......................................................... 67  16. DATA Verification ..................................................................................................................... 70  16.3 Qualityassurance (QA) And Quality Control (QC) .................................................................. 75  16.3.1 Quality Control Procedures At Analytical Laboratories ........................................................ 77  16.3.1.1 Acme Analytical Laboratories ............................................................................................ 77  16.3.1.2 ALS Chemex Laboratory Group ......................................................................................... 78  16.3.1.4 Geoscience Laboratories - Ontario Geological Survey ....................................................... 79  17. Adjacent Properties ..................................................................................................................... 79  11.2.2.1 Allanite ................................................................................................................................ 83  11.2.2.2 Other Minerals .................................................................................................................... 86  18. Mineral Processing And Metallurgical Testing .......................................................................... 88  19. Mineral Resource And Mineral Reserve Estimates .................................................................... 88  20. Other Relevant Data And Interpretation ..................................................................................... 88  21. Interpretation And Conclusions .................................................................................................. 88  22. Recommendations ....................................................................................................................... 91  23. References ................................................................................................................................... 93  24. Certificate Of The Qualified Person ........................................................................................... 99  25. Date And Signature Page .......................................................................................................... 100  FIGURES Figure 1. Terranes and assemblages that comprise the western Cordillera of British Columbia and the Yukon with location of the Mount Bisson rare-earth element property. Map source: Geological Survey of Canada http://gsc.nran.gc.ca/cordgeo/terrane_e.php .................................................................... 20  iii
  • 4. Figure 2. General geology of the Wolverine rare-earth-type pegmatite field that depict locations of various mineral occurrences described in this report. The bold red line represents the outline of the Mount Bisson claim-block. Details of the individual claims that comprise this block can be found in Figure 3b. Geology compiled and slightly modified after Ferri and Melville (1994) and Halleran (1991). ............................................................................................................................................... 21  Figure 3a. Locations of 2007 sample sites within and proximal to the Mount Bisson claim-group. Present outline of the claim-group is shown in red. Triangles give locations of all known rare-earth element occurrences. The locations of samples collected in 2008 are given Figures 10 and 15. ..... 22  Figure 3b. Locations of 2010 sample sites and known rare-earth element mineral occurrences within and adjacent to the Mount Bisson claim-group. This map also includes location of the Manson River East Cu-W-Ag occurrence that lies adjacent to the claim-block. ..................................................... 23  Figure 4. Chondrite-normalized REE plot for various clastic metasedimentary rocks from the Wolverine gneisses. .......................................................................................................................... 25  Figure 5. Chondrite-normalized REE plot for peraluminous, S-type granitic pegmatites of the Mount Bisson area. ....................................................................................................................................... 29  Figure 6. Chondrite-normalized REE plot for various units of the M-12000 Road intrusive complex. 31  Figure 7. Chondrite-normalized REE plot for all rock types from the Ursa occurrence. ................. 42  Figure 8. Chondrite-normalized REE plot for calc-silicate metasedimentary rocks of the Wolverine gneisses in the Mount Bisson area. ................................................................................................... 43  Figure 9. Sample locations for the Laura and Pegmatite 541 rare-earth element occurrences and from adjacent exposures located near Mount Bisson superimposed upon total magnetic field map from survey flown by Fugro Airborne Surveys Incorporated (Luckman 2006). The delineation of granitic- pegmatitic plutons of the Wolverine Range intrusive suite was derived from magnetic and geological data. ................................................................................................................................................... 45  Figure 10. SiO2 versus K2O/Na2O for granitic and pegmatitic rocks from the Laura grid in comparison to the average compositions of plutons from British Columbia associated with various types of skarn mineralization (Ray and Webster 1991). The dashed line represents interlayered syenite-trondhjemite compositions (926520 and 926521) at the Laura REE occurrence. Average composition of the 1.7 Ga Burstall pluton associated with U-REE skarn mineralization at the Mary-Kathleen deposit was extracted from Australian Geoscience: http://www.ga.gov.au/image_cache/GA3785.pdf The author, however, is unable to verify the information in relation to the tonnage and average grade of the Mary- Kathleen U-REE deposit and therefore these data are not necessarily indicative of mineralization on the Mount Bisson claim-group that is the subject of this technical report. ....................................... 48  Figure 11. Chondrite-normalized REE plot for units of the Laura #1 occurrence compared to magnetite-titanite-biotite granite at nearby pluton of the Wolverine Range intrusive suite. ............ 49  Figure 12. Chondrite-normalized REE plot for granitic rocks, related pegmatites and diorite within the northwest area of the1988 Laura grid compared with magnetite-titanite-allanite-biotite granite from a nearby pluton of the Wolverine Range intrusive suite (926524). ..................................................... 49  Figure 13. Chondrite-normalized REE plot for sodic granitic pegmatite (Pegmatite 541), and metasomatized and unaltered Wolverine gneiss host-rocks compared to magnetite-titanite-allanite- biotite granite at nearby pluton of the Wolverine Range intrusive suite. .......................................... 52  iv
  • 5. Figure 14. Sample sites in vicinity of the Will # 1 and Will # 2 rare-earth element occurrences and from the anthophyllite-corundum-cordierite-bearing gneiss localities superimposed upon the airborne magnetic base of Fugro Airborne Surveys Ltd. ............................................................................... 55  Photo 18. False colour backscattered electron image showing mineralogy and textural relations in garnet-anthophyllite-cordierite felsic gneiss at locality 08-FWB-10. ............................................... 58  Figure 15. Example of volcanogenic massive sulphide mineralization in the Saviankannas Zn-Cu-Ag deposit of Finland associated with metamorphosed alteration zones now characterized by cordierite- anthophyllite-bearing mineral assemblages. Image from http://en.gtk.fi/ExplorationFindland/Commodities/Zinc/Saviankannas.html ................................... 59  Figure 16. Chondrite-normalized REE plot for Laura No. 1 and No. 2 occurrences on Mount Bisson that compares the historical data of Halleran (1991) with that of Leighton (1997). ......................... 71  Figure 17. Chondrite-normalized REE plot for units of the M-12000 Road occurrence. Samples 926530 and 926531 represent duplicate samples split in the field from a homogeneous, medium- grained unit (titanite-diopside quartz diorite) that were submitted to Acme Analytical Laboratories for external quality control assessment (see also Table 10). .................................................................. 83  PHOTOS Photo 1. Good exposure of highly deformed and locally migmatized clastic metasedimentary rocks on the Munro Camp Road. Arrow on the right side indicates a dyke of peraluminous, S-type pegmatitic granite that is discordant to host-rock foliation and yet has been subjected to ductile deformation along its contact. ......................................................................................................................................... 24  Photo 2. Highly tectonized layers of buff coloured quartz arenite (towards left side of photo) within a dominant, dark brown sillimanite-biotite metapelite at locality 07-FWB-15. .................................. 26  Photo 3. Highly strained, migmatitic quartz diorite to tonalite with granite leucosomes in which severely flattened, isoclinal folds are barely discernible (as left of pencil). ..................................... 28  Photo 4. Small exposure of the potassic pegmatite core zone at the Ursa REE occurrence. The rock is strongly deformed and exhibits a strong mineral stretching lineation in quartz and augen-shaped K- feldspar megacrysts. The lineation is parallel to the faint black line on the right part of outcrop. ... 37  Photo 5. Quartz-plagioclase<<diopside skarn vein system hosted in amphibolite and interlayered calc- silicate metasedimentary rocks at the Ursa occurrence. Strike of lithological layering is approximately parallel to long edge of photo with moderate dip towards the reader. .............................................. 38  Photo 6. Polished slab that reveals a sharp intrusive contact of the allanite-titanite-plagioclase border zone of the Ursa pegmatite with an adjacent titanite-plagioclase-diopside skarn envelop (arrow). Note the obliteration of host-rock foliation near contact versus its presence near edge of sample as marked by foliation symbol. .......................................................................................................................... 39  Photo 7. Black allanite and dark brown titanite in the plagioclase-rich border zone unit of the Ursa granitic pegmatite. Elongate grey quartz-rich domains define the mineral lineation. ...................... 40  Photo 8. Backscattered electron image of an allanite grain from the border zone of the Ursa pegmatite. The allanite is characterized by complex patchy zonation and a scalloped grain outline that suggests resorption due to interaction with pegmatite-forming fluids. ........................................................... 40  Photo 9. Planar dyke of titanite-biotite-hornblende granite, likely related to the Wolverine Range intrusive suite, emplaced at high angle to lithologic layering of amphibolite (black unit along to right v
  • 6. of contact) and roughly weathered, deeper black, calc-silicate metasedimentary host-rocks along left side. ................................................................................................................................................... 41  Photo 10. View highly fractured magnetite-allanite-titanite-biotite granite at sample site 926524 in the smaller of two plutons of the Wolverine Range intrusive suite near Mount Bisson. ........................ 44  Photo 11. Plagioclase-green diopside skarn masses with partial replacement along the margins of a coarse hornblende-bearing granitic pegmatite near locality 926520 at Laura occurrence. The slight rust stained skarn mass also contains quartz, allanite and titanite. .......................................................... 46  Photo 12. Abundant platy black allanite and orange-brown titanite in diopside-rich skarn (sample 926540 in Appendices 4 and 5) from the Laura occurrence with the highest ∑REE content (7429 ppm) obtained to date by the author on the Mount Bisson claim-group. ................................................... 46  Photo 13: Cluster of bright orange titanite in Pegmatite 541, a sodic granitic pegmatite at site 926541 near the Laura #1 occurrence. ........................................................................................................... 51  Photo 14. Metaultramafic unit with abundant magnetite intergrown with dark green amphibole, as around area marked by coin, on a surface that exposes a pervasive, east-trending, shallow-plunging mineral lineation. Bulk rock analysis indicated 47 wt. % total iron as Fe2O3................................... 56  Photo 15. Anthophyllite gneiss unit marked by coarse poikiloblastic red garnet masses that in part replaces radiating masses of deep brown anthophyllite. ................................................................... 56  Photo 16. Compositional layering exposed at the anthophyllite gneiss exposure. Intermediate compositions at the right are characterized by abundant clotty linear aggregates of anthophyllite that grade into a very leucocratic unit with sparse anthophyllite. The leucocratic unit defines a tight fold with a core zone, as marked by coin, rich in biotite with lesser hornblende, plagioclase and corundum. 57  Photo 17. Deformed enclave, marked by coin, rich in anthophyllite-gedrite with sparse magnetite and plagioclase......................................................................................................................................... 57  Photo 19. Aggregate of deep yellow-green hornblende and coexisting plagioclase, faint brown titanite and sparse allanite enclosed within a quartz-rich pod from the calc-alkaline pegmatite at the M-12000 Road occurrence................................................................................................................................ 81  Photo 20. Polished slab which reveals complex mineralogy in the calc-alkaline pegmatite system of the M-12000 Road rare-earth element occurrence. Allanite occurs as a cluster of dark brown grains within the epidote-diopside-rich mass towards the left side of the photo. Bulk rock analysis of a slice from this slab: ∑REE (1463 ppm), ∑HREE (123 ppm), Y (174 ppm) and W (600 ppm)............... 81  Photo 21. Backscattered electron image of an allanite grain from 148666-2. This image reveals a complex evolutionary history: core with likely high REEoscillatory zoned rimreplacement zone with patchy texturecorrosion by late magmatic fluids that produced a scalloped grain outline. .. 84  Photo 22. Backscattered electron image of a cluster of allanite (bright grains) that coexists with fluorapatite (dull grey) and plagioclase (dark areas)......................................................................... 84  Photo 23. X-Ray map for magnesium versus cerium versus phosphorus showing a cluster of allanite grains (green) mainly in plagioclase (dark area) but also as inclusions in fluorapatite (blue) and diopside (crimson). ........................................................................................................................... 85  Photo 24. X-Ray map for cerium versus titanium versus phosphorus that reveals a relatively coarse grain of allanite (green) that coexists with titanite (red) and fluorapatite (blue). The areas of bright green correspond to highest cerium levels and darker green zones have lower cerium and elevated iron. ................................................................................................................................................... 85  vi
  • 7. Photo 25. Backscattered electron image that reveals remnants of vesuvianite enveloped by calcium carbonate alteration that was subsequently locally replaced by iron-rich alteration. The two alteration events were overprinted by euhedral crystals of oscillatory zoned epidote. The cores and some outer zones of the epidote are enriched in Y2O3 (light areas in grains) as at arrow. .................................. 87  Photo 26. X-ray map for iron versus cerium versus calcium that reveals an alteration sequence marked by calcium carbonate replacement of diopside and vesuvianite by followed by late iron-rich replacement. Several grains of allanite (green) occur as inclusions within an unaltered part of a diopside grain. ................................................................................................................................... 87  TABLES Table 1: Mean values and ranges for total REE, Light REE, Heavy REE and Yttrium in rare-earth element pegmatites of the Wolverine group based upon historical exploration data. ....................... 19  Table 2. Summary of highest total rare-earth element contents in bulk rock samples from various occurrences on the Mount Bisson claim-group. The enrichment factor was computed by division of sample total rare-earth content of sample by the average upper continental crust ∑REE value of 146 ppm in Taylor and McLennan (1985, p.46). ..................................................................................... 36  Table 3. Summary of total rare-earth element content (ppm), yttrium (ppm) and chondrite normalized La/Yb and Eu/Eu* ratios from various units of the Ursa REE occurrence. ...................................... 41  Table 4. Summary of averages and ranges for ∑ La2O3+Ce2O3+Pr2O3+Nd2O3, ThO2 and UO2 (wt.% oxide) in allanite from the Laura and Pegmatite 541 occurrences and the Wolverine Range intrusive suite. .................................................................................................................................................. 50  Table 5. Means and ranges of Y2O3 in allanite, epidote, titanite and vesuvianite in weight percent oxide from four sample localities in the Mount Bisson area. Data from the Laura occurrence are from Russell, Groat and Halleran (1994, p.276). N = number of analyses. .............................................. 54  Table 6: Means and ranges for ΣREE and Y in samples from the Ursa rare-earth element occurrence compared to the historical data. Concentrations given in ppm unless reported in weight percent. .. 72  Table 7: Means and ranges for ΣREE and Y in samples from the Laura rare-earth element occurrence compared to the historical data. Concentrations given in ppm unless reported in weight percent. .. 72  Table 8. Duplicate analysis of various trace elements in split of biotite lamprophyre (148654) by Activation Laboratories Ltd. and ALS Chemex Laboratories. ......................................................... 73  Table 9. Duplicate analysis of various trace elements in split of titanite-diopside quartz diorite (926530 and 926531) submitted to Acme Laboratories. ................................................................... 74  Table 10. Analyses (ppm) of grab samples from sulphide mineralization associated with mafic to intermediate intrusive rocks on the M-12000 Road. ......................................................................... 80  APPENDICES Appendix 1. Compilation of historical bulk rock composition data…………………………............101 Appendix 2. Bulk rock 2007 composition data (Activation Labs Ltd and ALS Chemex Labs Ltd).......................................................................................................................................................106 Appendix 3. Electron microprobe 2007 mineral composition data......................................................122 vii
  • 8. Appendix 4. Bulk rock composition 2008-2009 data (Acme Analytical Labs Ltd and Geoscience Laboratories of Ontario Geological Survey)………………………………………………................138 Appendix 5. Electron microprobe 2008 allanite composition data……………………….…….........162 Appendix 6. Mineral Identification by X-Ray Diffraction and SEM-EDS..........................................172 viii
  • 9. 3. SUMMARY This report documents an initial investigation of the geology, mineralogy, petrochemistry and economic geology of the Mount Bisson claim-group, which comprises 12 contiguous claims (area of 3862.56 hectares) situated 65 km northwest of Mackenzie, B.C. The property is currently the subject of a joint-venture agreement in which Seymour Ventures Corporation may acquire a 60% ownership from Paget Minerals Corporation upon fullfillment of terms in this agreement. Thus, this report is submitted to the TSX-V exchange as part of an acquistion transaction. All geological, geochemical and geophysical work was undertaken by the vendor Paget Minerals Corporation. Under Section 6.2 (2) of NI 43-101, the property is classified as an “early stage exploration property”. Seasonal weather conditions (snow cover) prevented the author from accessing the property and obtaining surface samples, particularly from the Central Occurrence, at the time of the request from the issuer. The issuer intends to rectify the necessity for a site inspection by the author during the 2011 field season. Focus of the present work was upon rare-earth element mineralization developed in granitic pegmatites and associated metasomatic alteration that comprises the Wolverine pegmatite field of Černý (2005). The purpose of this investigation is to examine accessible rare-earth element mineralization of the Mount Bisson claim-group and to undertake a bedrock chemical and mineralogical data-base that will facilitate exploration for rare-earth elements in the area. The rare-earth granitic pegmatites of the area belong to the NYF-geochemical family (Niobium- Yttrium-Fluorine) that have been classified by Černý (2005) and Ercit (2005) as Abyssal class, AB- LREE subclass. The rare-earth element mineralization of the 3 by 9 km Wolverine pegmatite field, as named by Černý (2005), comprises granitic pegmatites and metasomatized host-rocks of the Wolverine gneisses that form a high grade metamorphic portion of the Upper Proterozoic Ingenika group in the Omineca crystalline complex (Mansy and Gabrielse 1978) and is known as the Wolverine metamorphic complex (Ferri and Melville 1994). Granitic pegmatites of the abyssal class occur in upper amphibolite to granulite facies metamorphic terrain and supposedly bear a connection to anatectic leucosome (Černý 2005). Examples in Canada include the Parry Sound, Hybla and Madawaska districts of Ontario and the Evans-Lou and Lapointe quarries in Quebec (Černý 2005). The Wolverine gneisses consist of a mélange of clastic metasedimentary rocks interlayered with carbonate-rich lithologies (marble, calc-silicate rocks) and mafic gneisses that have endured high grade metamorphism, severe ductile deformation and local partial melting that occurred during the middle Jurassic. The clastic metasedimentary rocks reveal localized partial melting in metawacke and metapelite compositions that produced in situ and intrusive masses of S-type, peraluminous, pegmatitic granites. Later granitic rocks of the I-type, 72.6±0.2 Ma Wolverine intrusive suite crosscut the structural fabric in the Wolverine gneisses and locally generated metasomatic skarn envelopes in calcareous metasedimentary host-rocks as at the Ursa rare-earth element occurrence. The intrusive rocks exhibit a compositional spectrum of granite, quartz monzonite, quartz diorite, diorite and calc-alkalic granitic pegmatite. The initial discovery of rare-earth element mineralization was made by Halleran (1987a, b, c and 1991) and was evaluated by detailed mapping, petrography, litho- and mineral chemical work. Total rare- element element content of bulk rock samples was found to range from 0.03 to 13.5 wt.% (Halleran (1991 and Table 1) with the highest levels found at the Laura No.1 and No.2 occurrences on Mount Bisson. 9
  • 10. Five rare-earth element mineralized localities (Laura, Ursa, Will # 1 and 2 and the M12000 Road occurrences) were examined in this work that involve three distinct geological settings.  Granitic to syenitic, I-type intrusive rocks and related pegmatite that are interlayered with allanite-diopside-rich skarns, ostensibly controlled by the contact between the Wolverine Range intrusive suite and highly deformed diorite gneiss and calc-silicate rocks of the Wolverine gneiss unit (Laura rare-earth element occurrence)  Peraluminous, S-type pegmatitic granite hosted in calc-silicate and psammitic-metapelitic metasedimentary rocks of the Ingenika group (Ursa rare-earth element occurrence), and,  Late, undeformed, calc-alkaline, quartz-rich pegmatites and associated diopside-rich alteration in host diorite and quartz diorite (M-12000 Road rare-earth element occurrence). The M12000 Road occurrence, discovered in 2007 by the author, originally was situated on claim 568837 of Paget Minerals Corporation within a contiguous 22 claim block at Mount Bisson and dropped by the vendor prior to the Seymour Ventures transaction. This mineral occurrence now lies on claim 842836 (claim name CLONE 4) that is 456.87 hectares in area and belongs to A.R. Schindel as determined by a search at https://www.mtonline.gov.bc.ca/mtov/searchTenures.do The author cautions that the rare-earth element mineralization at this occurrence is not necessarily indicative of that found on the adjacent Mount Bisson claim-group. Description of the M12000 Road occurrence can be found in Section 17: Adjacent Properties. The Laura occurrence is genetically affiliated with relatively undeformed, I-type granitic rocks of the Wolverine Range intrusive suite that are exposed proximal to the rare-earth element mineralized zone near Mount Bisson. Localization of the mineralization (512 to 7429 ppm total REE) is evident in sheets of allanite-bearing syenite and titanite-plagioclase-diopside skarn that are concordant to the flat-lying planar deformation fabric in diorite and quartz diorite in the host Wolverine gneisses. The Ursa occurrence, with a range of 54 to 667 ppm total REE, reveals field evidence for allanite mineralization associated with weakly peraluminous, S-type, granitic magmatism. Such rocks were plausibly generated by partial melting of a metapelite protolith, a common rock type in the Ingenika group. The mineralization occurs in an allanite-titanite-biotite-bearing, zoned potassic pegmatite that has undergone extensive ductile deformation and lies concordant to its amphibolite-calc-silicate-marble host-rocks. The mineralization consists of black allanite and orange titanite that is mainly confined to a narrow, plagioclase-rich border zone (667 ppm total REE) attendant to a diopside-rich skarn selvedge in calc- silicate host-rocks. The biotite potassic pegmatite core zone contains anomalous but a lower total REE content (370 ppm). The M-12000 Road rare-earth element occurrence, found during this work, consists of vein systems of undeformed, quartz-rich, titanite-diopside calc-alkaline pegmatite (2 to 3 m width over minimum 5 m strike) hosted within lineated, titanite-hornblende diorite and quartz diorite. The mineralization at the M12000 Road occurrence consists of calc-silicate pods within diopside-rich quartz-rich segregations. These pods contain between 871 and 1463 ppm total REE, and exhibit very complex mineralogy characterized by Y-epidote, allanite, titanite, vesuvianite and scheelite associated with bright green diopside. Bulk rock values of 871 to 1463 ppm total REE occur in such zones with a 10
  • 11. notable content of 123 ppm total HREE and 174 ppm yttrium. These results indicate a potential for heavy rare-earth element mineralization in the M-12000 pegmatite system. The allanite subgroup [(Ca,Ce,Y)2 (Al,Fe3+)3Si3O12(OH)] of the epidote group is the main rare-earth element mineral of economic interest although subordinate concentrations of the rare-earth elements can occur in coexisting titanite, fluorapatite and epidote. Electron microprobe analyses of allanite from rare-earth element occurrences near Mount Bisson reveal an average La2O3+Ce2O3+Pr2O3+Nd2O3 of 20.3 wt.% and low to modest contents of deleterious elements such as ThO2 and UO2. The Central Occurrence was discovered by T. Barresi during 2010 field work and one grab sample from a 15 cm wide, allanite-rich, melanocratic pod hosted in biotite-bearing quartzofeldspathic gneiss produced a ∑REE value of 8.64 wt.% (Paget Minerals Corp. News-Release, August 25, 2010), the second highest documented in the claim-block to date in a database that includes the historical analyses (see Appendix 1).However, the author cautions that this site has not been examined by a qualified person and will be subject of an investigation by the author, as requested by the issuer, in the 2011 field season. Under Section 6.2 (2) of NI 43-101, the property is classified as an “early stage exploration property”. Seasonal weather conditions (snow cover) prevented the author from accessing the property and obtaining surface samples at the time of the request from the issuer. No general exploration concept can be employed as the granite-related, rare-earth element mineralization occurs in three distinct lithologic associations, as outlined above. Rather, exploration should focus upon the particular rare-earth element-granite association of interest and its inferred genetic history. Further exploration is highly recommended for the claim-group that includes follow-up evaluation of Central occurrence and systematic sampling and mapping of the Laura No.1 and No.2 and Will No.1 and No.2 occurrences. Bulk rock chemistry and soil sampling that focuses upon pathfinder elements Ba, Sr, Ce, Nb and Th could prove useful in the exploration for I-type related rare-earth element mineralization exemplified by the Laura #1 occurrence. 4. INTRODUCTION AND TERMS OF REFERENCE 4.1 Introduction Seymour Ventures Corporation is a public company existing under the laws of Canada and listed on the TSX-Venture Exchange (TSX-V: SEY). The company currently has no mineral properties but is in the process of property acquisition as reported in its November 17, 2010 press release and also by Paget Minerals Corporation in its November 18, 2010 News-release. The purpose of this technical report is to support a submission with the TSX-Venture exchange that involves a 60/40 joint venture agreement respectively between Seymour Ventures Corporation (TSX- V:SEY) [‘Seymour’] and Paget Minerals Corporation [‘Paget’] whereby Seymour may acquire a 60% interest in Paget’s Mount Bisson and Xeno rare-earth element properties in B.C. The financial details of this proposed joint venture are given in Section 6. The Xeno property in the Dease Lake area of B.C. will not be discussed in this report and the author has not visited this property. Paget Minerals Corporation is a public mineral exploration company that was incorporated in British Columbia on May 4, 2005 and was listed on the TSX Venture Exchange (TSX-V: PGS) on August 24, 11
  • 12. 2009. The company has a diverse portfolio of properties range from precious, base metals, and rare- earth element deposits in British Columbia and in the Canadian Shield of eastern Canada. 4.2 Terms of Reference Seymour Ventures Corporation requested that the author undertake an independent technical assessment of the Mount Bisson rare-earth element property on November 25, 2010 and prepare a report in compliance with the standards of the Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”). Two periods of field investigation, which totalled 11 days, were undertaken by the author in October 2007 and in July 2008. The scope of these investigations involved geological and mineralogical examination and sampling of accessible outcrops over the claim-block and examination and sampling of the historical rare-earth element occurrences (Ursa and Laura) along with a REE occurrence. Two occurrences (Will #1 and 2) could not be located due to dense second growth forest covering large areas in vicinity of the historical showings. A third period of surface geological and geochemical work was undertaken from July 2 to 15, 2010 by T. Barresi, a graduate student at Dalhousie University, and under the supervision of J. Bradford, P. Geo of Paget Minerals Corp. This work was done independent of the author, although five reference grab samples, analyzed by ALS Chemex Labs, were sent to the author in September 2010 for petrographic examination. The results from one sample E922522 in this work are included in this report (see Central Occurrence in Section 11.1.5). The revision of this 43-101 report did not involve a field examination by the author of the 2010 surface work conducted by Paget Minerals Corporation as seasonal weather conditions in the Mount Bisson area rendered access impossible due to heavy snow cover. This is in accordance with Section 6.2 (2) of NI 43-101 that classifies the property as early exploration stage. Under Section 6.2 (2) of NI 43-101, the property is classified as an "early stage exploration property". Seasonal weather conditions (snow cover) prevented the author from accessing the property and obtaining surface samples at the time of the request from the issuer. The issuer will request that a site inspection be undertaken by the author as soon as practicable during the 2011 field season and file a revised technical report in due course. Major, minor and trace element analyses of 100 grab samples were undertaken by four certified, commercial labs [Acme Analytical Laboratories Ltd. (“Acme”), ALS Chemex Laboratory Group (“ALS Chemex”), Activation Laboratories (“Actlabs”) and the Ontario Geoscience Laboratory (“OGS Labs”)]. These samples involved the Laura #1 and Pegmatite 541 in addition to the M-12000 REE occurrence discovered during the author’s investigations. Verification of the mineral compositions at these occurrences was undertaken by Dr. Andrew G. Tindle, a geoscientist at the Department of Earth Sciences of The Open University, U.K., who has about 30 years experience in the mineralogy of rare- metal mineralization. Verification of the mineralogical species present and their compositions was undertaken with a Cameca SX-100 electron microprobe. Mineral identification was also undertaken at the Geoscience Labs of the Ontario Geological Survey. The author is independent of the Issuer Seymour Ventures Corporation and also independent of Paget Minerals Corp and Pembrook Mining and has no material interest in these firms or in any of their mineral properties. To the author's knowledge, there has been no material change to the Mount Bisson property in terms of follow-up exploration. Previously a change in ownership had been undertaken as detailed in Section 2 that involved Pembrook Mining Corporation and Paget Minerals Corporation. The author is a practicing member in good standing with the Association of Professional Geoscientists of Ontario (member #760). 12
  • 13. 4.3 Sources of information The technical information used in this report was provided by Paget Minerals Corporation and also from assessment files (MINFILE) of the British Columbia Department of Mines and Petroleum Resources, various publications relating to government sponsored geological work in the area, the unpublished 1991 M.Sc. thesis of A.A.D. Halleran, and two peer-reviewed geological journal publications (Russell, Groat and Halleran 1994) and Halleran and Russell (1996). Files on possibly similar rare-earth element mineralization such as the Mary-Kathleen U-REE and Hoidas Lake REE deposits were also obtained via internet searches. The author has assumed and relied upon the fact that all historical technical information listed in the “References” section are accurate and represent the best practices of the industry standards of the time. However, while a careful review of these data was undertaken, the author cannot guarantee their accuracy and completeness. Mineral tenure status was checked by the author at the site of Mineral Tenures Online BC at https://www.mtonline.gov.bc.ca:443/mtov/home.do 5. RELIANCE ON OTHER EXPERTS The main sources of information in this report are in the public domain as assessment files and maps from MINFILE, unpublished M.Sc thesis of A.A.D. Halleran (1991), and publications of the B.C. Department of Energy, Mines and Petroleum Resources. Other files on comparative deposit-types were obtained from internet searches. The Mount Bisson property was examined for a total of 11 days via field work in 2007 and 2008. The field work was planned by the author. A further 14 days of field work was undertaken from July 2 to 15, 2010, by T. Barresi, a Ph.D. candidate at Dalhousie University. Mr. Barresi was under the supervision of J. Bradford, P. Geo. of Paget Minerals Corp. and was not supervised by the author. The author assumes and relies upon the fact that all historical technical information, as listed in the References section, is accurate and represents the best practices of industry standards at that time. However, while a careful review of these data was undertaken, the author cannot guarantee their accuracy. The documentation of claim status was undertaken online at https://www.mtonline.gov.bc.ca:443/mtov/home.do but not verified with the B.C. provincial government as the author is not qualified to validate the legal ownership of the property and therefore cannot take any legal responsibility on this issue. The author is not aware of any surface rights issues or environmental liabilities associated with the property. No past mining activity has occurred within the current property area. No exploration follow- up work has occurred subsequent to the author’s last field examination in July of 2008. The author is not aware of any existing technical data other than provided by the company or that within the public domain. Material changes have occurred subsequent to the author’s field examinations and the 2010 field examination undertaken by T. Barresi. The first material changed involved a change of ownership and the shares involved may be subject to escrow restrictions imposed by the TSX Venture Exchange (Paget News-release November 24, 2009). 13
  • 14. The second material change involves an option agreement between Paget Minerals Corporation and Seymour Ventures Corporation (TSX-V: SEY) as announced in the November 18, 2010 News-release of Paget Minerals Corp. 6. PROPERTY DESCRIPTION AND LOCATION The claim-group, which lies within the Omineca Mining District of north-central British Columbia, is situated 65 km northwest of the town of Mackenzie in the Swanell Mountains of the Omenica Ranges. The claim-group occurs within map-sheets 093N/9, 093O/5, and 093O/12 of the National Topographic System (NTS).The centre of the property is approximately at 438 000 E/615 000N Universe Transverse Mercator (UTM) coordinates in Zone 10, NAD83. The property initially consisted of 22 contiguous claims that were staked on November 2, 2005 and October 29, 2007 as verified at Mineral Tenures Online BC at https://www.mtonline.gov.bc.ca:443/mtov/home.do The writer assumes that the locations of the claim-posts and claim-lines were accomplished by GPS devices with the claim-lines blazed and flagged but his could not be verified, although a standard practice in the mineral industry. The locations of all known mineral occurrences within the claim-block are presented in Figures 2 and 3b that comprise the Laura #1 Laura #2, Ursa, Will #1, Will #2 and Central rare-earth element occurrences. GPS data in the Universal Transverse Mercator system (UTM) on all samples collected can be found in Appendices 2, 4, and 5. The Mount Bisson property is 100 % owned by Paget Minerals Corporation. However, an announcement in a November 18, 2010 News-release by the company indicated that Seymour Ventures Corp. can acquire a 60% interest in the Mount Bisson and Xeno properties by fullfilling terms of the joint venture agreement as detailed below. The property currently consists of 12 claims situated in the Omineca Mining Division northwest of the town of Mackenzie. Previously, Paget Minerals Corp., announced in a November 24, 2009 News-release of the acquisition of a 100% interest in 22 claims from Pembrook Mining Corp. ("Pembrook") covering 9,096 hectares located in the Omineca Mining Division, British Columbia, known as the Mt. Bisson Property. As consideration for the acquisition of a 100% ownership of the Property, Paget has agreed to issue 1,875,000 common shares to Pembrook within ten days of receiving TSX Venture Exchange approval to the letter agreement; these shares may be subject to escrow restrictions imposed by the TSX Venture Exchange. This transfer of shares in regards to the Paget Minerals Corp. - Pembrook Mining Corp. transaction has been effected (D. Volkert, Paget Minerals Corp., personal communication, February 15, 2011). There are no royalties, back-in rights, payments or other agreements and encumbrances to which the property is subject between Seymour and Paget In addition, the Property shall be subject to a 2% net smelter returns royalty (NSR) in favour of Pembrook. Paget shall be entitled to purchase, at any time, one half of the NSR by paying Pembrook the sum of $1,000,000. The recent 60/40 joint venture agreement between Seymour and Paget was announced on November 18, 2010 in a Paget News-release: “Seymour will pay $62,500 and issue 100,000 common shares of Seymour to Paget upon receipt of applicable regulatory approvals. An additional $62,500 will be payable to Paget on the first, second and third anniversaries of the option, together with an additional 100,000, 150,000 and 200,000 common shares of Seymour, respectively. Pursuant to the option agreement, Seymour will be required to fund a $1,050,000 work program over 3 14
  • 15. years on the properties. Paget will retain a 100% interest in the properties until all of the above payments, work programs and share issuances are completed. In the event that Seymour exercises the option, a 60/40 joint venture is deemed to be created to further develop the properties, with each party contributing to their pro-rata portion of approved exploration programs. If either party decides not to contribute to the joint venture and is diluted down to a 10% interest, their interest will convert to a 2% Net Smelter Royalty (NSR), 1% of which may be purchased at the other party's option for $1,000,000.” Mineral tenure status was checked by the author at Mineral Tenures Online BC at https://www.mtonline.gov.bc.ca:443/mtov/home.do with the information below as extracted from the an Excel file from this website and all claims are currently in good standing until February 24, 2012. However, a legal opinion has not been sought in regards to the status of these claims. The claim-group, which is shown in detail in Figure 3b, covers a total area of 3862.56 hectares. Tenure Name Owner Expiry Date Status Area (hectares) 522746 BISS 2 213190 2012/feb/24 GOOD 439.15 (100%) 522756 LAURA 4 213190 2012/feb/25 GOOD 109.9372 (100%) 522749 BISS 4 213190 2012/feb/26 GOOD 54.8499 (100%) 522755 LAURA 3 213190 2012/feb/27 GOOD 329.8395 (100%) 522745 BISS 1 213190 2012/feb/28 GOOD 329.6985 (100%) 522751 LAURA 1 213190 2012/feb/29 GOOD 457.899 (100%) 522747 BISS 3 213190 2012/feb/30 GOOD 384.0415 (100%) 522753 LAURA 2 213190 2012/feb/31 GOOD 457.701 (100%) 568815 YETI 2 213190 2012/feb/32 GOOD 146.346 (100%) 547760 BISS 5 213190 2012/feb/33 GOOD 457.5892 (100%) 568812 YETI 1 213190 2012/feb/34 GOOD 237.9224 (100%) 547761 BISS 6 213190 2012/feb/35 GOOD 457.5832 (100%) TOTAL 3862.5574 The author is unaware of issues, environmental liabilities or encumbrances in regards to these claims. Permits to undertake the recommended exploration work, as per Section 22, will be obtained by the issuer upon completion of the joint venture agreement with Paget Minerals Corporation. In order to obtain the permits, the issuer needs to make a proper application to the applicable government agency. 15
  • 16. 7. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY The Mount Bisson claim-group is situated in the Swannell Ranges of the Omineca Mountains physiographic region (Holland 1976) in north-central B.C. (Figure 1) and adjacent to the southeastern margins of the northern Rocky Mountain trench, the most striking physiographic feature of the region. The elevations within the claim-group vary from about 1600 m at the summit of Mount Bisson to about 1000 m at the lowest elevations at Munro Creek. The claim-group is situated 65 km northwest of the town of Mackenzie and peripheral parts of the claim-group are readily accessible by a 120 km drive from via a network of generally well maintained, gravel base logging roads that infiltrate the region, i.e., the Mackenzie, Manson River, Munro Camp and Nation River forestry service roads. The main service centre for the region is the town of Mackenzie with a population of 5,450 that is located within the Rocky Mountain Trench at the southern end of Williston Lake, one of the largest man-made reservoirs in North America. The town was named after the famous explorer Alexander Mackenzie, who camped near the town site on his journey to the Pacific in 1793. The economy of the town is mainly supported by two pulp and paper operations and by tourism. The town of Mackenzie, at 701 m elevation, lies in the Northern and Central Plateaux and Mountains climatic zone that is marked by a range in January temperatures of -7 to -14 C and July temperatures of 8 to 20 C. Summers are short, generally cool with little precipitation. The claim-group lies in the Subalpine Forest vegetation region in which the characteristic dominant species are Englemann spruce (Picea engelmannii), Alpine fir (Picea alpestris) and Lodgepole pine (Pinus contorta). The Ursa and M-12000 Road occurrences are readily accessible by logging roads. Access to the Laura #1 and #2 occurrences is not possible by road, however, a recent logging road that branches off the Munro Creek Road at UTM 438177E/6150313N (Zone 10) provides access within 2 km of these occurrences. Access to the Central occurrence can be gained by a 1 km traverse northeast from a recent logging road that ends on claim 522753 (Figure 3b). Helicopter service is available at Mackenzie and affords the best means of access to the higher elevations as around Mount Bisson that include the Laura occurrences. The nearest source of hydro-electric power is situated 120 km via road at Mackenzie. Power needed to support a mining project would thus require alternative energy sources such as diesel powered generators. The claim-block is quite hilly with a maximum relief of 600 m and thus only a few areas could support a mining operation such in the nearby Munro Creek Valley adjacent to Munro Camp. This area could also be utililized as a site for infrastructure for extraction of ore minerals and as a despository for tailings. A relatively flat ridge lies in the immediate area adjacent to the Laura occurrence near Mount Bisson and could support mining operations with development of a road east from the aforementioned logging road. However, processing of ore would require a nearby source of water, as in Munro Creek valley that is not available in sufficient volume in the area covered by this flat ridge. This valley would serve as potential waste disposal area for tailings. Several streams, such as the Manson River and its tributary Munro Creek, flow all year and could provide sources of water. Personnel required to run the mining operations could be hired in Mackenzie and Prince George. Esker deposits of sand and gravel are present in the area and may serve as 16
  • 17. aggregate for road-building related to mineral development. The length of a normal field season runs from late June to late September as road access is impacted by snow cover especially at higher elevations. 8. HISTORY Recorded mineral exploration in the area proximal to the Mount Bisson claim-group commenced with discovery of graphite at the Mon occurrence near Munro Creek by Halleran (1985). Rare-earth mineralization was subsequently discovered and staked in the Mount Bisson area in 1986 and 1987 by Halleran (1988a). The initial discovery was made at the Ursa occurrence on Munro Creek that was followed by further discoveries in 1987 at the Laura No.1 and No. 2 occurrences on the flanks of Mount Bisson (Halleran 1988b) and the Will No.1 and No. 2 occurrences, situated 7 km to the northwest near the Manson River, in 1988 (Halleran 1988c). A prospector syndicate led by A. Halleran undertook detailed geological mapping, scintillometer surveys and soil sampling over four small grids and optioned the claim-groups to Chevron Minerals Limited (Halleran 1988b, c). Further geological mapping on the Laura grid was undertaken in 1989 (Halleran 1989). A summary of the geology, mineralogy and lab analytical work in regards to the five rare-earth mineral occurrences was presented in the 1989 annual fieldwork report of the British Columbia Geological Survey Branch (Halleran and Russell 1990). This work was funded in part by a fame grant of the BC government. The extensive work of Halleran on the Mount Bisson area rare-earth mineralization culminated in a M.Sc. thesis (Halleran 1991) and two peer-reviewed publications: Russell, Groat and Halleran (1994) and Halleran and Russell (1996). The analytical work undertaken by Halleran (1991, p. 29-56) from four rare-element occurrences produced 31 bulk rock compositions of grab samples augmented by 429 electron microprobe analysis of major rock-forming minerals (apatite, aegerine-augite, biotite, diopside-hedenbergite, hornblende, K-feldspar, plagioclase and titanite). These data include twelve electron microprobe compositions of the allanite subgroup of the epidote mineral group as defined by Giere and Sorenson 2004 and Armbruster 2006. The historical bulk rock composition data are given in Appendix 1 and summarized in Table 1. It should be noted that all samples selected during Halleran’s work are grab samples with no photographic documentation of the outcrops sampled. More detail on the results of the Chevron Minerals and A.A.D Halleran exploration work can be found in Table of section 9 and sections 11 and 12. Exploration work on the rare-earth mineralization subsequently remained quiescent after 1989 except for a property examination by Leighton (1997) undertaken for the Argonauts Group Limited that involved a brief inspection of the geology and analyses of four grab rock samples from the Laura No.1 occurrence. These claims subsequently lapsed and were re-staked by Paget Minerals Corporation in 2005 and additional claims were added in 2007 that currently represent a group of 12 contiguous claims with a 100 percent ownership by the company. During October 2 to 8, 2006 an airborne magnetic-radiometric survey was conducted over the property by Fugro Airborne Surveys Ltd. that involved 595 line-kilometres (see Section 21.1 for detailed information). There has been no mining development or any historical resource estimates of any mineralization-type on the claim-group. 17
  • 18. 9. GEOLOGICAL SETTING 9.1 Regional geology The Mount Bisson property is situated in the Ingenika group of the Omineca crystalline belt initially defined by Gabrielse (1975) and subsequently divided into four groups by Mansy and Gabrielse (1978). The Germansen Landing-Manson Creek area was the focus of a 4 year, 1:50 000 scale regional geological mapping project by Ferri and Melville (1988, 1989, 1994) and the southeast corner of this map area covers parts of claims 522746, 522747 and 522749 of the Mount Bisson property. This project also included stream sediment and bulk rock analysis and a revision of MINFILE mineral inventory of the area and available at http://www.em.gov.bc.ca/mining/GeolSurv/Minfile/ . Otherwise no government sponsored geological mapping has been undertaken on the rest of the claim-group since Tipper et al. (1974). The Ingenika group is interpreted as Upper Proterozoic in age by Ferri and Melville (1988) and forms part of the Cassiar continental margin assemblage (Colpron, Nelson and Murphy 2006) that is part of a widespread zone of clastic metasedimentary rocks that stretches from southeastern British Columbia to the northwestern Yukon (Roots 1988). This assemblage represents crustal rocks displaced from the ancestral North American cratonic margin (Figure 1). In the project area, the Cassiar terrane comprises lithologies that were complexly deformed and subjected to regional metamorphism during the middle to Late Jurassic (Parrish 1979; Ferri and Melville 1994). The term “Wolverine Metamorphic Complex” was employed by Ferri and Melville (1988; 1994) in reference to a 5 to 50 by 150 km area of the Ingenika group rocks subjected to high-grade metamorphism and severe deformation such that protolith recognition is difficult or impossible. The term “Wolverine gneisses” will be used in this report in reference to the highly deformed and metamorphosed lithologies within this complex (Ferri and Melville, 1988, p. 4) that locally have been subjected to partial melting. The Ingenika group lies in structural contact to the west with the Slide Mountain terrane that is much lower in metamorphic grade. Granitic pegmatites of peraluminous composition and S-type characteristics (e.g., Breaks and Moore 1992) were plausibly generated during the middle Jurassic by partial melting of metawacke-metapelite protoliths of the Wolverine gneisses. These distinctively white pegmatites are deformed, generally subconcordant to the enclosing host rock foliation and exhibit boudinage and strong mineral stretching lineations. Peraluminous minerals indicative of S-type granitic magmatism, such as sillimanite, andalusite, garnet and tourmaline, are particularly prominent at locality 07-FWB-06. Plutons interpreted as Late Cretaceous age and younger were also delineated by (Ferri and Melville 1988; 1994, p. 54-55) and are widely emplaced in the Wolverine gneisses. These rocks, grouped into the Wolverine Range intrusive suite (Ferri and Melville 1994, p. 56) comprise batholiths, stocks and narrow dykes of massive and weakly foliated biotite granite and granodiorite and related pegmatite that commonly contain peraluminous minerals (muscovite and garnet). The largest member of this group is an 8 by 10 km pluton of biotite granite and granodiorite situated proximal to the Manson River that was delineated but unnamed by Ferri and Melville (1988). The author has given the name “Chamberland Creek pluton” to this mass that has a southern lobe situated within two km of the Wolverine pegmatite field (Figure 2). A U/Pb monazite age of 72.6±0.2 Ma was determined by Ferri and Melville (1994, p. 56). 18
  • 19. In vicinity of Mount Bisson, smaller masses of syenite, monzonite, quartz monzonite, diorite and quartz diorite, up to 0.8 by 3 km in size, occur adjacent to the Laura No. 1 and No. 2 occurrences (Figure 2) and were termed the “Mount Bisson intrusions” by Halleran (1991, p. 4). Similar rocks were encountered in the present work near the Manson River (locality 07-FWB-03) and about 2 km north of the Will No.1 and No.2 occurrences (localities 07-FWB-08, -10, -11 and -12). No absolute age determinations are available for these rocks and are regarded by Ferri and Melville (1994, p. 55) as Cretaceous or Tertiary in age. These plutons have been grouped into the Wolverine Range intrusive suite in this report. Table 1: Mean values and ranges for total REE, Light REE, Heavy REE and Yttrium in rare-earth element pegmatites of the Wolverine group based upon historical exploration data. Occurrence ∑REE range ∑LREE range ∑HREE range Y range n Laura No. 1 1.72 0.11 - 1.71 0.11- 83 ppm 11-360 71 ppm 12-282 21 and 2 13.50 13.47 ppm ppm Laura No.1 1.62 1.36- 0.59 0.57- 1.02 0.76- 1.53 1.40- 4 (Leighton 1.93 0.62 1.31 1.93 1997) Ursa 0.8 0.03- 0.79 0.03- 90 ppm 24-197 94 ppm 41-193 3 2.14 2.12 ppm ppm Will No. 1 0.51 0.14- 0.5 0.12- 95 ppm 82- 77 ppm 73-80 3 0.85 0.84 107ppm ppm Will No. 2 0.1 22 ppm 1.13 237ppm- 61 ppm 7-166 4 to 0.36 4.0 wt.% ppm wt.% Data compiled from Halleran (1988a, b, c and 1991) and Leighton (1997) Analyses in weight percent element unless indicated as ppm LREE = Light rare earth elements (La to Eu) and HREE = Heavy rare earth elements (Gd to Lu) as defined by Samson and Wood (2005) n = number of samples 19
  • 20. Figure 1. Terranes and assemblages that comprise the western Cordillera of British Columbia and the Yukon with location of the Mount Bisson rare-earth element property. Map source: Geological Survey of Canada http://gsc.nran.gc.ca/cordgeo/terrane_e.php 20
  • 21. Figure 2. General geology of the Wolverine rare-earth-type pegmatite field that depict locations of various mineral occurrences described in this report. The bold red line represents the outline of the Mount Bisson claim-block. Details of the individual claims that comprise this block can be found in Figure 3b. Geology compiled and slightly modified after Ferri and Melville (1994) and Halleran (1991). 9.2 Property geology The property and adjacent area comprise a diversity of rock-types that were examined during the field investigations between October 2 and 5, 2007, July 17 and 23, 2008 and July 2 to 15, 2010, along accessible roads and helicopter drop-offs. The lithologies encountered include the Wolverine gneisses and later intrusive rocks. Three of the historical rare-earth element occurrences (Ursa, Laura #1 and #2) were examined coupled with discoveries of a rare-earth element-mineralized pegmatite system at locality 07-FWB-08 along the M-12000 Road (see M-12000 Road occurrence) by the author and at the Central occurrence in 2010 by T. Barresi. The M12000 Road occurrence, discovered in 2007 by the author, originally was situated on claim 568837 of Paget Minerals Corporation within a contiguous 22 claim block at Mount Bisson but was dropped by the vendor prior to the Seymour Ventures transaction. This occurrence now lies on claim 842836 (claim name CLONE 4) that is 456.87 hectares in area and belongs to A.R. Schindel as determined by a title search at: https://www.mtonline.gov.bc.ca/mtov/searchTenures.do The author cautions that the rare-earth element mineralization at this occurrence is not necessarily indicative of that found on the adjacent Mount Bisson claim-group. The author also cautions that the Central Occurrence was not examined by a qualified person in 2010 in regards to Section 6.2 (2) of NI 43-101. Under this section, the property is classified as an “early stage exploration property”. Seasonal 21
  • 22. weather conditions (snow cover) prevented the author from accessing the property and obtaining surface samples at the time of the request from the issuer and therefore the issuer will request that a site examination be undertaken by the author in the 2011 field season. Location data for all sample sites are provided using Universal Transverse Mercator (UTM) co- ordinates for Zone 10 in North American Datum 1983 (NAD83) that utilized a Garmin 76 GPS unit. A tabulation of all localities in which samples were sent to commercial laboratories for bulk analysis or for electron microprobe analysis at The Open University, Milton Keynes, United Kingdom, is given in Appendices 2 and 4 and. The locations of all samples are also shown in Figures 3a, 3b, 10, and 15. The bulk rock chemical data was processed with the Geochemical Data Toolkit (GCD kit) that is petrogenetic software freely available at http://www.gla.ac.uk/gcdkit/ (Janousek, Farrow and Erban 2006). The chemical variation of the rare-earth elements was mainly assessed with chondrite- normalized plots calculated by the reference standard of Boynton (1984). The chondrite-normalized ratios La/YbN and Eu/Eu* are respectively employed to reveal the degree of the rare-earth element fractionation and the extent of repletion/depletion of europium. The ensuing text will now provide detailed field, petrographic and mineralogical features of all lithological groups encountered. Fourteen thin-sections from zones of rare-earth element mineralization were selected for Cameca SX-100 electron microprobe analysis and generation of X- Ray maps. These data comprise 1179 mineral compositions that are given in Appendices 3, 5 and 6 along with analytical conditions and standards used for the probe work and details of the X-Ray map procedure. The probe work was designed as a pilot project at the Department of Earth Sciences of The Open University to determine if such data could facilitate exploration of rare-earth elements in the study area. Figure 3a. Locations of 2007 sample sites within and proximal to the Mount Bisson claim-group. Present outline of the claim-group is shown in red. Triangles give locations of all known rare-earth element occurrences. The locations of samples collected in 2008 are given Figures 10 and 15. 22
  • 23. Figure 3b. Locations of 2010 sample sites and known rare-earth element mineral occurrences within and adjacent to the Mount Bisson claim-group. This map also includes location of the Manson River East Cu-W-Ag occurrence that lies adjacent to the claim-block. 23
  • 24. 9.2.1 Wolverine Metasedimentary Gneisses This group comprise the most abundant rock types in the area investigated and are exposed at 80 percent of the localities in Figure 3. The most common lithologies comprise:  clastic metasedimentary rocks (quartz arenite, wacke and metapelite),  calcium-rich metasedimentary rocks (marble, calc-silicate rocks and calcareous metapelites and wackes), and,  diorite and quartz diorite gneiss. Thin layers of amphibolite of unknown derivation are interlayered with calc-silicate rocks such as at the Ursa rare-earth element occurrence. 9.2.1.1 Metawacke, Metapelite and Related Migmatites Excellent exposures of clastic metasedimentary rocks occur at locality 07-FWB-06 where a freshly blasted section reveals typical Wolverine metasedimentary gneiss (Photo 1). Photo 1. Good exposure of highly deformed and locally migmatized clastic metasedimentary rocks on the Munro Camp Road. Arrow on the right side indicates a dyke of peraluminous, S-type pegmatitic granite that is discordant to host-rock foliation and yet has been subjected to ductile deformation along its contact. The outcrop consists of strongly foliated and lineated biotite and garnet-biotite metawacke and biotite- sillimanite metapelite that locally reveal low leucosome-fraction partial melt features. Here, metatexite contains thin, deformed leucosomes oriented concordant and at low angles to the dominant foliation of the mesosome host. Similarly, partially melted, sillimanite-bearing metawacke and metapelite were encountered at 07-FWB-08 on the M-12000 Road and a high degree of flattening of leucosomes is notable in the sillimanite-rich metapelite host-rocks such that the granite leucosome and mesosome 24
  • 25. constituents of the migmatite become blurred and may only be clearly distinguished on rock slabs etched with hydrofluoric acid and stained for K-feldspar. The clastic metasedimentary constituent contains white weathering granitic pegmatite masses that are generally subconcordant or modestly discordant to the host rock foliation but yet reveal evidence of overprinting deformation along the pegmatite contacts or by foliations that refract across such bodies (Photo 1). These rocks are described in more detail below (see Peraluminous, S-Type granitic pegmatites). Figure 4. Chondrite-normalized REE plot for various clastic metasedimentary rocks from the Wolverine gneisses. Clastic metasedimentary rocks of the area reveal chondrite patterns that are mostly confined to a band with total rare-earth elements in the range 162 to 199 ppm (Figure 4). These modestly negatively sloping patterns (12.7<La/YbN<28.1) compare closely with the average post-Archean Australian shale composite (PAAS) of Taylor and McLennan (1985) that is a good estimate of the average upper continental crust composition. Only one sample (148674: sillimanite-biotite metapelite) at locality 07-FWB-16 contains anomalous rare-earth element concentrations (756 ppm) that depart from the otherwise tight compositional cluster of the other clastic metasedimentary rocks. The mineral repositories of the rare-earth elements are not known but these could include monazite. 25
  • 26. 9.2.1.2 Quartz Arenite and Quartz-rich Metawacke These rock types, described by Ferri and Melville (1988, 1994), are abundant to the west of the marble-calc-silicate rock band in Figure 2 but were only observed at locality 07-FWB-15. Here, layers, 5 to 30 cm thick, are tectonically layered with garnet-biotite metawacke and sillimanite-biotite metapelite (Photo 2). Photo 2. Highly tectonized layers of buff coloured quartz arenite (towards left side of photo) within a dominant, dark brown sillimanite-biotite metapelite at locality 07-FWB-15. 9.2.1.3 Calcium-rich Clastic Metasedimentary Rocks Rocks that comprise this unit were only found at locality 07-FWB-17 where a garnet-quartz- hedenbergite-plagioclase rock, interpreted as a calcium-rich metawacke, is layered with potassic feldspar-rich bands that conceivably represent meta-arkose. Minor amounts of fluorapatite, titanite and allanite were also confirmed in thin section and by electron microprobe analysis. Late fracture-controlled alteration, locally with quartz-rich lenticles, transects the foliation at this locality and indicates that breakdown of K-feldspar and hedenbergite occurred in these domains. Such bands post-date formation of the allanite as micro-fractures related to this deformation event slice through some grains of this mineral. 9.2.1.4 Calc-Silicate Rocks and Marble These rocks are mainly confined to a southeast-striking band, up to 200 metres wide, that was delineated by Ferri and Melville (1988). This unit is traceable for at least 10 km from the Chamberland Creek pluton on the north to beyond the southeastern limits of their map-area. Elsewhere, calc-silicate rocks and calcite marble were encountered as small outcrops (e.g., locality 07-FWB-01) or as layers up 26
  • 27. to 3 metres in thickness within a dominant clastic metasedimentary host as at localities 07-FWB-04 and -17. The mineralogy consists of calcite, plagioclase, diopside, phlogopite, and minor garnet, epidote, and pyrite. Diopside is a characteristic mineral and can compose up to 60 percent of the mode. The Ursa rare-earth element pegmatite is situated within the mid-part of the calc-silicate band at Munro Creek where a diopside-biotite-calcite-plagioclase unit is dominant and locally layered with thin amphibolite. Diopside-rich skarn envelopes are conspicuous at this locality adjacent to a granitic pegmatite that has subjected to severe ductile deformation and late discordant biotite- and hornblende- bearing, medium-grained granite dykes. 9.2.1.5 Migmatized Tonalite and Quartz Diorite Rocks of this map unit consist of tonalite and quartz diorite that have been subjected to high strain and intense migmatization. These rocks occur at localities 07-FWB-13, -14 and -18 and proximal to the Laura occurrence where these are widely distributed. Near the Munro Creek at locality 07-FWB-13, a 0.6 by 0.8 km mass was included in the “Mount Bisson intrusions” by Halleran and Russell (1990, p. 298). These migmatites are characterized by compositional layering marked by light pink, coarse-grained to pegmatitic, granite and syenite leucosomes, 1 to 5 cm in thickness, that have been severely flattened such that rootless, intrafolial, isoclinal folds and shear bands are commonly evident. Some areas of the quartz diorite mesosome have undergone hornblende porphyroblastesis that imparts a coarsening to the host of the leucosome layers (Photo 3). There is no absolute age determination for these complex rocks, however, given the high state of deformation and migmatization, such material could represent slivers of granitic basement to the Wolverine metasedimentary gneisses that were thrust into the metamorphic complex. However, no contact relations with the enclosing Wolverine metasedimentary rocks were observed. The migmatized quartz diorite to tonalite rocks are intruded by white, relatively massive, biotite-bearing, granitic pegmatitic leucogranite of probable S-type, peraluminous derivation, as at locality 07-FWB-14, where enclaves of the migmatized quartz diorite were noted. 27
  • 28. Photo 3. Highly strained, migmatitic quartz diorite to tonalite with granite leucosomes in which severely flattened, isoclinal folds are barely discernible (as left of pencil). 9.2.2 Felsic to Intermediate Intrusive Rocks Lithologies of this category are abundantly distributed in the area and comprise two groups. 9.2.2.1 Peraluminous, S-type Granitic Pegmatites Granitic pegmatites of this category consist of pegmatitic leucogranite and potassic pegmatite in the pegmatitic granite classification of Černý and Meintzer (1988). The presence of strongly peraluminous accessory mineralogy such as andalusite, sillimanite, garnet and tourmaline, as exemplified by locality 07-FWB-06, in the context of a high grade clastic metasedimentary setting, supports a S-type origin for these granitoid rocks. Similar granitic pegmatites are widespread in high grade, clastic metasedimentary-dominant subprovinces in the Superior Province of Ontario as observed and delineated by the author (Breaks 1991; Breaks and Moore 1992; Breaks, Selway and Tindle 2005 and 2006). These pegmatites are modestly to intensely deformed (Photo 1) and marked by a cataclastic, protomylonite texture and a quartz mineral stretching lineation. These pegmatite masses may have been emplaced during several anatectic events prior to a final overprint of ductile deformation. At the Ursa rare-earth element occurrence, an internally zoned potassic pegmatite is poorly exposed (henceforth named the “Ursa pegmatite”) but appears to be concordant to the foliation of host rocks that consist of calc-silicate metasedimentary rocks layered with amphibolite, as surmised from very limited rock exposure. 28
  • 29. Figure 5. Chondrite-normalized REE plot for peraluminous, S-type granitic pegmatites of the Mount Bisson area. These rocks are severely depleted in rare-earth elements with the range of total rare-earth elements of 37.6 to 54.3 ppm (Figure 5). Such values are approximately 0.3 to 0.5 times the upper continental crustal average (140 ppm: Taylor and McLennan 1985). A similar degree of rare-earth element depletion is typical of Archean S-type pegmatitic granites of the Quetico subprovince of Ontario (Breaks, Selway and Tindle 2008). The rare-earth element chondrite patterns are typically flat to modestly negatively sloping (3.5<La/YbN<29.3) and are characteristically marked by positive europium anomalies (1.08<Eu/Eu*<2.76) due to retention of Eu2+ by feldspar-rich rocks such as these. Rocks of this category are generally not good candidates for achieving economic concentrations of the rare-earth elements because of their very low calcium content. 9.2.2.2 Wolverine Range Intrusive Suite This lithologic group is dominated in the immediate area by the 78.2 ±2 Ma Chamberland Creek pluton (Figure 2). Related dykes and were encountered at several localities in the area as proximal to the southeastern flanks of the pluton as along the Manson River Forestry Service Road (e.g., locality 07- FWB-02). Here, white weathered, massive, predominantly medium-grained, biotite granite is exposed. Sporadic garnet and K-feldspar megacrysts up to 1 cm diameter occur in the granite that is later transected by fracture-controlled chlorite and hematite alteration. Halos of retrograde alteration, marked by chlorite replacement of biotite, are evident up to 1 cm from these fractures. Two identical masses, respectively 0.3 by 1.5 and 0.3 by 0.6 km in surface dimensions, were encountered proximal to the Laura rare-earth element occurrence and comprise part of this intrusive 29
  • 30. suite (Figure 2).Similar dykes of biotite granite, which intrude the Wolverine gneisses, were found at localities 07-FWB-03, -05 and -16, and 08-FWB-07. At the Ursa rare-earth element occurrence, post-tectonic, planar dykes of biotite granite sharply intrude its calc-silicate host-rocks where 5 to 10 cm thick skarn rinds are obvious and dominated by coarse- grained, bright green diopside (60-70 %). 9.2.3 Mafic to Intermediate Intrusive Rocks Rocks of this unit are relatively minor in abundance and mostly confined to the M-12000 Road intrusive complex that includes the area around the Will #1 occurrence. 9.2.3.1 M12000 Road Intrusive Complex Rocks of this mass, which was not comprehensively delineated by this work, occur along the M-12000 Road at localities 07-FWB-08, -10, -11 and -12 (Figure 3b) and proximal to the Will # 2 occurrence at localities 08-FWB-02 and -06 (Figure 14). This intrusive complex is at least 3 by 5 km and consists of biotite-diopside-hornblende diorite, quartz diorite and sparse quartz monzonite that contain sparse mafic to ultramafic plutonic enclaves. Small amounts of allanite, titanite, diopside, epidote, rutile, magnetite, ilmenite, zircon and pyrite were observed in thin section and confirmed by electron microprobe work in the majority of rock types of this complex (see M-12000 Road rare-earth element occurrence in Section 17.2). Isolated exposures of massive, white weathering, biotite granite at localities 07-FWB-09, 07-FWB-12 and 08-FWB-07 are petrographically identical to the Chamberland Creek pluton and represent dykes or small stocks that cut the M-12000 Road intrusive complex. The chondrite REE patterns (Figure 6) are generally modestly sloping (7.2<La/YbN<29) and usually with small positive europium anomalies (0.98<Eu/Eu*<1.6). Sporadic K2O-rich ultramafic enclaves, mineralized with chalcopyrite, pyrrhotite and scheelite, have a higher content of total rare-earth elements (240 ppm) than a sample of a similar rock selected a small distance from the mineralized zone (72 ppm). The highest total rare-earth element value occurs in a biotite-clinopyroxene-hornblende diorite (528 ppm) and is petrographically similar to titanite-diopside-hornblende diorite at the M-12000 Road rare-earth element occurrence. 30
  • 31. Figure 6. Chondrite-normalized REE plot for various units of the M-12000 Road intrusive complex. 9.2.3.2 Lamprophyre Dykes A one-metre thick, fine-grained, undeformed, pyrite-hornblende-biotite lamprophyre dyke cuts across calc-silicate and metawacke units at locality 07-FWB-04. The rock has a panidiomorphic granular texture marked by 20% randomly oriented biotite laths that are enveloped by plagioclase and rare quartz phenocrysts up to 2 mm diameter. Accessories include epidote, allanite, apatite and titanite. The bulk rock chemistry suggests a lamprophyric affinity with the elevated K2O, Ba, Sr and total rare- earth elements and modest fractionation of the LREE (Appendix 2). The chondrite rare-earth element plot, with gently sloping negative curves (La/YbN = 24.4 to 30.2) bear a similarity to lamprophyres that occur elsewhere, as for example, the Cretaceous camptonites of northwestern Namibia (Roex and Lanyon 1998). 10. DEPOSIT TYPES The rare-earth mineralized granitic pegmatites of the Wolverine field belong to the NYF geochemical family (Nb-Y-F) and were classified by Černý (2005) and Ercit (2005) as Abyssal class, AB-LREE- subclass.This deposit type is currently the sole target of the proposed exploration program. The granite-related, rare-earth element mineralization in the Wolverine pegmatite field occurs in three distinct geological settings and hence no singular exploration model is applicable:  post-tectonic, quartz-rich, calc-alkaline pegmatite vein system hosted in diorite and quartz diorite (M-12000 Road occurrence), 31
  • 32. S-type, peraluminous granite and pegmatite hosted in calc-silicate units of Wolverine gneiss (Ursa occurrence), and,  contact skarn mineralization layered with I-type, syenite, syenogranite, and trondhjemite of the 72.6±0.2 Ma Wolverine Range intrusive suite (Laura # 1, #2 and Pegmatite 541 occurrences and possibly the Central occurrence). Future exploration should focus upon the particular rare-earth element-lithologic association and inferred genetic history as summarized below: Ursa Rare-Earth Mineralization Type At the Ursa occurrence, relatively early, ductily deformed, weakly peraluminous to metaluminous granitic pegmatites of plausible S-type origin contain local concentrations of allanite in border zones that contact calc-silicate and marble host-rocks. Skarn selvedges of contact metamorphic origin are characteristic of the pegmatites of this group and typically are diopside-rich with sparse garnet, epidote, and scheelite. Exploration for this type of rare-earth element mineralization should focus upon delineation of peraluminous pegmatitic granite intrusions that have elevated calcium contents and characterized by diopside, titanite, epidote and allanite due to interaction with calc-silicate host-rocks. Laura Rare-Earth Mineralization Type The second type of rare-earth element mineralization is exemplified by the Laura and Pegmatite 541 occurrences that are inferred to be genetically related to the 72.6±0.2 Ma Wolverine Range intrusive suite. Here, masses of allanite-titanite-plagioclase-diopside skarn are interlayered with allanite-diopside sodic pegmatite, and medium-grained, quartz-bearing syenite, syenodiorite, monzogranite and trondhjemite along the contact zone with the Wolverine gneiss. Such metaluminous to weakly peraluminous rocks have similarities to volcanic arc granitic rocks in terms of trace element classification schemes that involve high field strength elements (HFSE) such as Ta, Nb, and Y (Pearce, Harris and Tindle 1984). The Central Occurrence is currently of undetermined genetic affiliation but may be related to the Laura occurrence situated 3.6 km to the SE. Further field examination is required to define whether a genetic relationship exists between the Laura and Central occurrences. Skarn mineralization that contains allanite appears widespread on global basis as inferred from an internet search of relevant publications. In contrast, allanite is relatively sparse in carbonatite intrusions, silica-undersatured alkaline intrusive rocks (Plimer 1993) and quartz-bearing granitic rocks enriched in alkali metals (e.g., Rodeo de los Molles REE-Th deposit, Argentina: Lira and Ripley 1991). The Mary-Kathleen U-REE deposit in Australia exemplifies an association of allanite with a diopside- rich, calcic skarn spatially associated with the endoskarns related to the 1.7Ga Burstall granite (Page 1982; Oliver 1995; Australian Geoscience: http:// www.ga.gov.au/image_cache/GA3785.pdf ). The formation of this deposit, however, is interpreted as a later event related to regional metamorphism, ductile shearing and hydrothermal mobilization (Maas et al. 1987). During 1958 to 1982, 9.5 million tonnes of ore that averaged 0.13 wt.% U3O8 were mined and this development included 200, 000 tonnes of allanite-rich ore with an average grade of 2.6 wt.% total REE (Plimer 1993). The author, however, is unable to verify the information in relation to the tonnage and average grade of the Mary-Kathleen U-REE deposit and therefore these data are not necessarily indicative of mineralization on the Mount Bisson claim-group that is the subject of this technical report. 32
  • 33. Mineralization of a possibly similar style occurs at Hoidas Lake in the Rae Province in northern Saskatchewan, where rare-earth elements, present in allanite and apatite, are associated with a diopside- rich skarn contained within a shear zone called the Hoida-Nisikkatch fault (Gunning and Card 2005). Rare-earth element mineralization of probable skarn affiliation and associated with calc-silicate, paragneiss and mafic metavolcanic rocks are also known in northern Quebec where veins enriched in allanite occur at the Lataille showing. Samples of Madore et al. (2002) and Labbe et al. (2003) returned an average of 0.25 wt % total REE and with a maximum content of 1.59 wt.%. Halleran (1991) interpreted the metasomatism and origin of the rare-earth element mineralization at the Laura occurrence as due to alkalic intrusive activity and related fenitization. However, data in present work (electron microprobe analysis and lithochemistry) have thus far indicated a complete absence of minerals and rock types that substantiate the presence of fenitization such as aegerine-augite, arfvedsonite group, and riebeckite group. Fenitization is commonly linked to undersaturated, alkaline intrusive rocks such as nepheline syenite, ijolite and urtite or to carbonatite masses (Bell 1989) and these two lithologic groups were not observed on the property. Evidence of metasomatism and rare-earth element enrichment due to interaction with pegmatite- forming fluids was, however, noted along the contact of Pegmatite 541 near the Laura occurrence where diorite of the Wolverine gneiss host-rocks contains a notable increase in diopside, titanite and allanite at the partial expense of hornblende. Exploration should closely examine the contact zones between plutons of the Wolverine Range intrusive suite and the Wolverine metasedimentary gneisses, particularly where interleaved calc-silicate units are involved that could generate skarn mineralization through magmatic interaction. M-12000 Road Rare-Earth Mineralization Type The M-12000 Road occurrence constitutes the third rare-earth element mineralization type documented in this work. This occurrence was originally situated on claim 568837 of Paget Minerals Corporation within a contiguous 22 claim block at Mount Bisson but was dropped by the vendor prior to the Seymour Ventures transaction. This occurrence now lies on claim 842836 (claim name CLONE 4) that is 456.87 hectares in area and belongs to A.R. Schindel as determined by a title search at: https://www.mtonline.gov.bc.ca/mtov/searchTenures.do The author cautions that the rare-earth element mineralization at this occurrence is not necessarily indicative of that found on the adjacent Mount Bisson claim-group. The showing consists of vein systems of undeformed, quartz-rich, titanite-diopside calc-alkaline pegmatite (2-3 m width and exposed over 5 m minimum strike length) hosted within lineated, titanite- hornblende diorite and quartz diorite. The mafic rocks, in turn, are contained within migmatized and highly deformed clastic metasedimentary rocks. A distinctive green metasomatic aureole is symmetrically deposed along the vein margins and comprises titanite-diopside enrichment in hornblende quartz diorite that is evident along the flanks of the pegmatite veins. Elevated total REE contents up to 1463 ppm, with the highest yttrium (124 ppm) and total HREE values (123 ppm), were found in grab samples from the occurrence. Epidote, titanite and vesuvianite reveal enrichment in Y2O3 up to 3.5 wt.%. The close geochemical similarity of yttrium with some of the HREE’s such as holmium and gadolinium (Samson and Wood 2005) suggests that exploration potential exists in the immediate area of this occurrence for such elements 33
  • 34. Exploration is recommended that targets mafic and intermediate plutonic rocks of the M-12000 Road intrusive complex in the northern part of the claim-group at least to further delineate this new type of rare-earth element mineralization type which is entirely open in strike length. 11. MINERALIZATION The Mount Bisson claim-group contains two mineral deposit types and both were examined by the author:  Cu-W-Ag in mafic intrusive rocks (Manson River East Occurrence), and,  Rare-earth element mineralization hosted in diverse lithologies at four localities. Grab samples were collected from various localities and those destined for analysis consisted of fresh pieces of bedrock collected over representative areas of a given outcrop. Between 0.5 and 21 kg of rock material was selected and the sample size was dependent upon grain size. For coarse-grained to pegmatite units, larger amounts were collected and up to 21 kg. All samples selected for analysis were homogeneous with respect to grain size at the collection site. The author is not aware of any sampling factors that could impact the accuracy and reliability of the chemical data. However, the author cautions that grab samples are by nature selective and therefore may not represent average grades. The mineralization at the Manson River East Occurrence and the M12000 Road occurrences were situated on claim of the Mount Bisson claim-group when the author conducted field work for Paget Minerals Corp in 2007 and 2008. As these mineral occurrences now exist on property adjacent to the Seymour claim-group, the detailed description of the mineralization has been transferred to “Adjacent Properties” in Section 17. The author cautions that the mineralization at these occurrences is not necessarily indicative of that found on the adjacent Mount Bisson claim-group. The rare-earth element mineralization in the Wolverine pegmatite field exposed on the claim-group occurs in two distinct local geological settings and hence no singular deposit model is applicable:  Laura #1, #2, Pegmatite 541 and Central occurrences: granitic to syenitic intrusive rocks and related pegmatite that are interlayered with allanite-diopside-rich skarns ostensibly controlled by the contact between the 72.6±0.2 Ma Wolverine Range intrusive suite and highly deformed diorite gneiss and calc-silicate rocks of the Wolverine gneiss unit, and  Ursa occurrence: peraluminous, deformed, S-type pegmatitic granite hosted in calc-silicate and psammitic-metapelitic metasedimentary rocks of the Ingenika group. The allanite subgroup [(Ca,Ce,Y)2 (Al,Fe3+)3Si3O12(OH)] of the epidote group is the main rare-earth element mineral of economic interest although subordinate concentrations of the rare-earth elements can occur in coexisting titanite, fluorapatite and epidote. Electron microprobe analyses of allanite from rare-earth element occurrences near Mount Bisson reveal an average La2O3+Ce2O3+Pr2O3+Nd2O3 of 20.3 wt.% and low to modest contents of deleterious elements such as ThO2 and UO2. A summary of mean contents and ranges for ∑REE and Y from various occurrences examined by the author is presented below and compared to historical data. 34