Fontana Gold Project

Tres-Or Resources Ltd. and Globex Mining Enterprises Inc. have signed a Letter of Intent for Tres-Or to acquire the interests in certain mineral claims in Quebec of Globex, being a 75% interest in 16 claims and a 100% interest in 6 claims, collectively the Fontana Gold Property.

Location
The Fontana gold property consists of 20 claims totalling 729 hectares covering Lots 14 to 2, Range 6 and the northern halves of Lots 14 to 17 and all of Lots 18 to 21, Range 5, Duverny Township, Quebec.
 
The claims are approximately 16 km northeast of the town of Amos and can be easily reached by gravel roads at all seasons including one road which crosses the property on Range 5 and 6 line and leads to the Fontana shaft.


 
History
The property has been sporadically worked since 1934 when the AC@ vein was discovered in the Fontana Fault.
 
1934-1936
Prospecting, trenching, exploration pitting.
 
1937
Twelve (12) prospect pits, 610 metres of trenching, 92 metre shaft with 2 levels (53 m and 83 m), 242 metres of galleries, erratic gold noted.
 
1945-1946
Fontana Mines Ltd. incorporated, stripping, bulk sampling on Bunkhouse and Fontana Zones, 8,863 metres of drilling on gold zones, geological mapping.
 
1981-1982
Surface sampling.
 
1986-1989
1986.  Joint Venture agreement between Jilbey Industries and Bay Resources.
1987.  58 km of line cutting covered by magnetometer and induced polarization surveys, stripping, 46 tonne bulk sample on Bunkhouse zone, 50 DDH=s totalling 7,917 metres.
 
Sept. 1987 - Feb. 1988
Stripping of Toughie, Fontana, Bunkhouse, Hooper and Lot 14 gold zones with surface sampling.  Percussion drilling on Toughie and Hooper zones.  18,288 metres of diamond drilling on various zones, 100 tonne bulk sample on Toughie, Fontana, Lot 14 and Hooper gold zones.  Shaft dewatered and rehabilitated, shaft raised.  Ramp portal prepared.
 
Sept. 1988 - Jan. 1989
9,999 metres of diamond drilling on Bunkhouse and Hooper gold zones.  Two new gold zones discovered northeast of Lot 14 vein.  Discovery shear intercepted over 579 metres strike length by 13 drill holes between discovery shear and Lot 14 vein.  Eldorado structure intercepted in 7 drill holes.

 
Three bulk samples taken and milled.
 
(1)        4,000 tonnes from Hooper Zone at intersection of Bunkhouse structure.
(2)        5,000 tonnes from a 122 metre by 3 metre stretch of the Bunkhouse Vein.
(3)        13,000 tonnes from junction of Bunkhouse and Hooper structures.
 
Early winter 1989
Audio-magnetotelluric survey
 
Winter 1989-1990
Small geophysical survey.  Limited petrographic, lithogeochemical and structural studies.  25 new drill holes and lengthening of 2 old drill holes for a total of 7,502 metres.  Spectacular drill results at junction of Bunkhouse and Hooper veins (DDH JB-200 - 0.48 oz/ton over 47 feet and wedge below 0.508 oz/ton over 125 feet).
 
May 1990 - Nov. 1990
Ten (10) drill holes totalling 2,549 metres testing extensions of JB-200 and JB-200B (wedge). Verified for mineralized structures at the junction of Lot 14 and Bunkhouse structure and exploration in Bunkhouse - Hooper area.
 
Geology
AThe geology of the property is relatively well known due to abundant outcrop and numerous drill holes. The centre of the property is occupied by the western extremity of a granodiorite stock (see map attached).  The border of the stock is finer grained than the centre.  Volcanic rock enclaves are found within the intrusive.  Much of the rest of the property is underlain by pillowed, intermediate to basic volcanics, while dacite inter-fingers at the extreme south and northwest.  The volcanics are part of the north limb of the Duverny syncline and are oriented roughly east-west.  The intrusive and enclosing volcanic rock units are often affected by carbonate and chlorite alteration.  Shear zones are often accompanied by silicification.
 
Structure
The most important structure on the property is the Fontana Fault.  This polyphase structure varies in width form 10 to 100 feet and is oriented at 125 degrees with a dip that varies from subvertical to 70 degrees to the southwest.  It has been drilled over a strike length of approximately 4,000 feet principally where it crosses the granodiorite.  The fault actually consists of two separate and parallel faults which converge on occasion.
 
Other faults with similar orientations and geological contexts occur on the property including from south to north the Lot 14, Eldorado, Discovery, DD, Hooper and Balatech fault.  A second group of structures oriented 20 degrees called the Bunkhouse, Laddie and Toughie zones also exist on the property.  The most important of these, the Bunkhouse zone, has been drilled along a strike length of 2,400 feet and to a depth of 1,400 feet.  The Bunkhouse fault varies between 3 and 20 feet of thickness and dips 75 to 80 degrees to the west.  It intersects the Fontana, Hooper, Discovery and Lot 14 fault zones.  Veinlets of quartz occur within 100 feet of the structures but rapidly diminish beyond.  Most veins are oriented north-south and dip westward while some horizontal veins have also been observed.
 
The faults often contain sericite and/or chlorite and fuchsite is present at certain spots.  Veins and lenses of en echelon quartz are present in the faults and gold mineralization is associated with these quartz veins.
 
A quartz epidote porphyry dyke is present in Zone 27 which is the richest part of the Fontana structure.  A similar dyke is seen at various locations in the Bunkhouse structure.
 
Mapping has shown that the mineralized veins are at a pronounced angle to the direction of the faults.
 
Mineralization
The gold mineralization is associated with pyrite and chalcopyrite rich quartz veins in the principal fault structures and associated fractures.  The gold is most often free gold and is erratic in distribution.@
 
Translated and paraphrased from report May 8, 1990 by Jean Descarreaux
Spectacular assays of up to 16.45 g/t over 14.30m with a wedge undercut 17.42 g/t Au over 38.10m are recorded at the intersection of important vein structures but many assays, although high grade, are over narrow widths (1 to 6 feet).   For example: JB216 - 0.35 oz/ton Au over 4 ft, JB214 - 0.56 oz/ton Au over 1.5 ft and 0.48 oz/ton Au over 5.4 ft.   Previous reports by Bay Resources and Services Inc. have reported resources of up to 968,000 tonnes grading 0.17 oz/ton Au (non NI 43-101) but no independent confirmation of this calculation has been made by Globex.