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Gold/Mining/Energy : International Kodiak Resources Inc. -- Ignore unavailable to you. Want to Upgrade?

To: K. Anders who wrote (2)	9/29/1998 1:12:00 PM
From: K. Anders	Respond to of 8

1998 Geological Summary Report This just added to the company's web site (very interesting): September 18, 1998 Oki-Doki Project From August 1 - September 8, 1998, International Kodiak Resources personnel conducted exploration on the Oki-Doki project. This included detailed follow-up of Areas 1,2,3,4 & 6 on the main Oki-Doki Block and reconnaissance sampling of the East Block properties. In total, some 3,000 soil, silt and rock samples were collected for analysis. Highlights of this first phase of exploration include the identification of narrow high-grade gold-bearing fractures near the margins of the large intrusive body in Area 1; the delineation of a significant multi-element geochemical soil anomaly in Area 3; and several clusters of anomalous gold in soils from contour work in Area 4 Area 1 Geological mapping, prospecting and rock and soil sampling uncovered narrow, semi-massive to massive sulphide filled fractures near the margins of the extensive Mike Lake intrusion. These prominent fractures are contained within a large, roughly east-northeast shear over a strike length of about one kilometre. Sampling of mineralization in undocumented trenches yielded gold values of up to 3.674 oz/t over narrow widths. Much more work, including detailed geological mapping and rock chip sampling across the main shear zone, is required in order to determine whether a sufficient number of narrow mineralized fractures exist to make this structure a viable target. As this portion of the property is very rugged, qualified climbing personnel will be necessary for the 1999 season. Area 3 Wide spaced soil geochemical grids were established on the four most prominent stream sediment anomalies in Area 3 which is directly to the north of Viceroy Resource's Brewery Creek Mine. This work outlined several areas of elevated geochemical response. The most significant is on the central grid (Area 3.1) and corresponds to the most extensive stream sediment anomaly. The main multi-element soil geochemical anomaly (Au, As, Sb, Hg) in Area 3.1 is some 1,500 metres long, in an east-west direction, and between 100 and 300 metres wide. In this anomaly values ranged up to 646 ppb Au, 392 ppm As, 593 ppm Sb and 2235 ppm Hg; comparable to the range of values over the original Brewery Creek discoveries. Further in-fill sampling confirmed the strength and tenor of the anomaly, and an induced polarization geophysical survey is currently underway to further delineate the anomaly. Initial IP results are encouraging, with a strong 100 metre wide chargeability anomaly identified which corresponds to the geochemical anomaly, particularly to those areas of elevated gold in soil. The east-west geochemical anomaly in Area 3 roughly corresponds to one of the three prominent east-west linears identified by satellite-imaging on the Oki-Doki project. This east-west trend is identical to the mineralized trend at Brewery Creek, and provides further encouragement for Brewery Creek-like North Slope mineralization in Area 3. Areas 4,6 Contour geochemical soil sampling in Area 4 revealed several clusters of anomalous gold values (up to 61 ppb Au) in areas along strike with Viceroy's main reserve trend. In addition, several narrow, weathered monzonite dykes were identified, providing encouragement for the possibility of Brewery-Creek like mineralization in these areas. As a follow-up to the initial results, a wide spaced geochemical grid was established over the most promising areas. Results are pending for this work. Follow-up work at the north end of Area 6 revealed a series of east-west striking diorite to monzonite dykes, intruding Road River sediments. Some of the intrusive-sediment contacts exhibit weak argillic alternation and bleaching, particularly along the more felsic (monzonite) contacts. In 1997, a grab sample taken from this area assayed 310 ppb gold. Depending upon the results of the 1998 follow-up, further work in the form of gridded soil sampling and geological mapping may be required to determine if Brewery Creek-like mineralization is present. Brian D. Game, P. Geo. Project Geologist ----------------------------------------------------------------------