GEOTRONICS SURVEYS LTD.
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SURREY, B.C.,CANADA,  V3X 2E1
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e-mail: davidgmark@shaw.ca
 

November 26, 2004

GREEN VALLEY MINE INCORPORATED

LAKEWOOD MINING CO. LTD.

1756 246th Street
Langley, B.C.
V2Z 1G4

Attention: Charles Boitard, President

Dear Sirs:

Re:      MMI Survey Results – Lines 200S to 200N

            Wood Group Mining Claims – Monarch Zone

Afton Mines Area, Kamloops M.D, B.C.

A soil sample survey using the MMI technique was carried out in July 2004 on the Monarch Zone, which occurs within the Wood Claim Group.  The samples were taken on east-west lines labeled 200S, 100S, 100N and 200N and on stations from 400W to 1200W.  The sampling was done at an interval of 25 meters and the total number of samples picked up was 111.  Each sample was taken at a depth of 10 cm, sieved in order to take out pebbles, and placed in plastic zip-lock bags, which were then labeled with the station number and line number.

The samples were then sent to SGS Minerals in Toronto, Ontario for analysis in copper , zinc, cadmium, lead, gold, cobalt, nickel palladium, and silver.  The results were received on September 7, 2004 for which six of the metals were input into a computer.  The response ratio (essentially meaning the number times background) for each of these six metals was calculated and then stacked for each line in order to determine if any anomalies occur and what metals they were composed of.  In addition, the MMI results for each of these six metals were plotted on six plan maps, respectively, and contoured.

Previous MMI sampling done on the Monarch Zone was carried out on 100-meter spaced northeast-southwest lines with a sampling interval of 50 meters.  One of the results of this surveying was a northerly-trending gold and cobalt anomaly within the area of Alkali Creek.  This anomaly was drilled but no causative source of the MMI anomaly was encountered.  It was therefore concluded that the sampling was too far apart and that the survey line direction of northeast was less than ideal for a northerly-trending causative source.  Therefore, the purpose of this sampling was to more accurately detail the MMI soil anomaly for the purpose of a more optimum drilling target.

MMI stands for mobile metal ions and describes ions, which have moved in the weathering zone and that are weakly or loosely attached to surface soil particles.  MMI, which requires special sampling and testing techniques, are particularly useful in responding to mineralization at depth probably in excess of 700 meters.  It is characterized in having a high signal to noise ratio and therefore can provide accurate drill targets.

The MMI soil results in these six metals show two anomalies each trending in a northerly direction, one centered at about 575W, and the other at 875W.

The 575W anomaly is the strongest and can be seen on all four lines indicating a strike length of 400 meters with it being open to both the south and the north.  Its best response is on line 100N where it is 100 meters wide and shows a response ratio for gold in excess of 100.  It is also quite anomalous in palladium, silver and cobalt, and anomalous to a lesser degree in nickel and copper.

This anomaly also correlates with anomalous IP results on east-west lines 200S and 300S as well as on northeast line 1500E.  This IP anomaly indicates sulphide mineralization and the MMI anomalous results indicate that these sulphides are associated with values in gold, silver, palladium, cobalt, copper, and nickel.  The MMI/IP anomaly occurs on the edge of a magnetic high suggesting that this mineral zone is associated with an intrusive.

The 875W MMI anomaly, though weaker, has similar characteristics as the 575W anomaly and is therefore, also of strong exploration interest.  This anomaly is mainly anomalous in gold, but also in palladium, silver, and cobalt and to a lesser degree in nickel and copper.  Though this anomaly occurs mostly out of the IP survey area, it does correlate with an IP anomaly at the southwest ends of lines 1500E and 1600E.  It also correlates with a localized magnetic high that correlates with a resistivity high at depth, thus indicating an intrusive.  The suggested interpretation, therefore, is that the 875W anomaly consists of an intrusive that is mineralized with sulphides containing values in gold, silver, palladium, cobalt, nickel, and copper.

In conclusion, both anomalies are of strong exploration interest and thus are considered to be drill targets.  However, the strongest drill target, by far, is the 575W anomaly on line 100N.  After discussions with the writer on both the MMI and geophysical results, L. Sookochoff, P.Eng, visited the property in October, 2004, and, taking into consideration the location of roads, spotted the drill hole collar at (125N, 750W).  The recommended azimuth is 90° east with an angle of –75°.

Respectfully Submitted,

GEOTRONICS SURVEYS LTD.

David G. Mark, P. Geo.

Geophysicist