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Gold Creek property IP Sections:

(NOTE: The Company cautions the strength of the IP chargeability is not a reliable indicator of gold mineralization nor determining gold grade and there is no assurance that the rest of IP anomaly will contain potentially economic gold grades.)

The first six lines of induced polarization data from the Gold Creek property has been received. Anomalous zones correspond with the known favourable geology.

The data is represented as both pseudosections and inversion sections. The sections present the chargeability and resistivity data collected using 25 meter dipoles and measuring to a depth of about 150 meters (n=12).

The data indicates a structurally complex area with orthogonal faulting dipping west and east respectively at about 45 degrees. A strong series of parallel chargeability anomalies are first seen subcropping at about 500 meters on line 200 and extending north to for more than 600 meters to line 9989000. The chargeability zone broadens and becomes shallower to line 99800 . This represents an extensive zone containing high levels of disseminated metallic sulphide mineralization. The zone of chargeability is very strong and continuous.

Graphitic sedimentary rocks, with or without sulphide mineralization would give high chargeability and low resistivity values as observed in the data. The area known as the Gold Creek zone is hosted in felsic pyroclastic rocks which would is seen in the IP data as a high resistivity zone with a relative low chargeability. The chargeability is a dimensionless, relative parameter and on these sections appears low as compared with the extremely high chargeability values from the pyritiferous graphitic argillites in the area.

The geophysical data represents the physical properties of the rocks and is extremely useful for geological interpretation. It must be pointed out that there is no direct correlation between the geophysical values and economic mineralization.

Road Line: This line follows an existing bush road at approximately the line 0 location. At the north end of the line at station 200 south is a contact between low resistivity and chargeability typical of graphitic sediments and a high resistivity zone on strike with the Gold Creek zone. The centre of the line corresponds to with a dioritic instrusive exposed in outcrop.

Line 99100: Three parallel north dipping faults are interpreted in this section with one cross cutting structure dipping south at station 31280 N. The latter steeply dipping fault correlates to the Poquette fault and appears to shift the Gold Creek zone to the north where it can be seen in the line 0 (Road line data)

Line 99200: 3 anomalies all subcropping 30575 30900 31375

Line 99400: Depth of about 30 meters the anomalous trend continues

Line 99800: Extensive zone of high chargeability covering almost all of the eastern half of the line.

Line 100000: The most obvious feature on this line is the sharp lithologic contact at 31550 N. This is interpreted to be the interface between the graphitic argillite to the north and the felsic volcaniclastic rocks to the south. Two sets of orthogonal shallow angle faults are apparent. Also of interest in this section is a subcropping target about 30 meters deep at 30680 which corresponds to the postulated eastern extension of the Gold Creek zone.


TIEX Inc.