Exhibit 10(iii)

                               BOW MINES PROPERTY

                                 SUMMARY REPORT

                                   NTS 82E/2E

                            Lat: 49(degree) 03' 40" N
                           Long: 118(degree) 40' 20" W

                                       for

                                 InvestNet Inc.
                             938 Howe St., Suite 713
                                 Vancouver, B.C.
                                     V62 1N9

Author:        Linda Caron, P. Eng.
               Consulting Geologist
               Box 2493
               Grand Forks, B.C.
               V0H 1H0

Date:          June 23, 2000

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                                TABLE OF CONTENTS

                                                                            Page

1.0      SUMMARY...............................................................1

2.0      INTRODUCTION..........................................................3
         2.1      Location, Access and Terrain.................................3
         2.2      Property and Ownership.......................................3

3.0      HISTORY OF EXPLORATION................................................5
         3.1      Regional History.............................................5
         3.2      Property History.............................................7

4.0      GEOLOGY, STRUCTURE and MINERALIZATION................................10
         4.1      Regional Geology and Structure..............................10
         4.2      Property Geology............................................11
         4.3      Mineralization and Exploration Targets......................12

5.0      RECOMMENDATIONS......................................................16

6.0      REFERENCES...........................................................17

                                 LIST OF FIGURES

                                                                            Page

Figure 1 -     Location Map....................................................3
Figure 2 -     Claim Map.......................................................4
Figure 3 -     General Geology Map............................................11
Figure 4 -     Detailed Geology - Skomac Vein area............................11
Figure 5 -     Geological Plan and Londitudinal Section - Upper Vein...in pocket
Figure 6 -     Proposed Underground Exploration and Development13

LIST OF APPENDICES

APPENDIX 1 - Statement of Qualifications

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1.0      SUMMARY

The Bow Mines  property is a gold-silver  vein  prospect  with good  exploration
potential.  The property is located near  Greenwood,  B.C. with  excellent  road
access to the claims. It consists of 3 Mining Leases, two Reverted Crown Grants,
four  2-post  mineral  claims  and one  4-post  mineral  claims.  The claims are
registered  in the  name of Karl  Schindler  and  held in  trust  for Bow  Mines
Limited.  They are  currently  under  option to InvestNet  Inc.  This report was
prepared at the request of InvestNet Inc.

The author is familiar  with the geology and  mineralization  in the area having
worked  extensively  in the Greenwood  Camp since 1989. The report is based on a
review of available  literature on the Bow Mines  property and on an examination
of surface exposures on the property.

The Greenwood District is a highly mineralized district which ranks as the sixth
largest gold producing camp in B.C.,  with a total  production of over 1 million
ounces  of gold.  The  majority  of this  gold  production  is from the  Phoenix
copper-gold  'skarn',  located  about 9 km northeast of the Bow Mines  property.
Approximately  40 km to the  south,  in excess of 2.5  million  ounces Au, at an
average  grade of better than 17 g/t Au (0.5 oz/t Au),  has been  produced  from
epithermal veins in the Republic District of northern  Washington.  Furthermore,
recent exploration in the area between Republic and the International Border has
resulted in the discovery of nine new deposits  within the past 10-15 years with
a total contained gold content in excess of 4 million ounces. Deposits include:

Crown Jewel -- 7.2 million tonnes @ 6 g/t Au (8 million tons @ 0.18 oz/t Au)

Lamefoot -- 2 million tonnes @ 7 g/t Au (2.2 million tons @ 0.2 oz/t Au)

Golden Eagle -- 10 million tonnes @ 3.4 g/t Au (11 million tons @ 0.1 oz/t Au)

The total gold  (produced + known  reserves),  in an area  measuring  50 x 40 km
which includes the Greenwood and Republic Districts,  exceeds 7.4 million ounces
Au.  The  ability  of this  area to  continue  to  produce  attractive  deposits
justifies  acquisition  and  exploration  of  properties  such as the Bow  Mines
property, with good exploration models and targets.

The majority of the previous work on the Bow Mines property has been directed at
two parallel,  southeast striking  gold-silver vein systems, the Upper and Lower
Skomac veins.  Total  production  from the Bow Mines  property from discovery to
present is reported at 3,574 tonnes averaging 5.2 g/t Au (0.15 oz/t Au), 238 g/t
Ag (6.9 oz/t Ag), 1.6% Pb and 1% Zn.

The Skomac veins,  which are hosted in a thinly bedded  carbonaceous  argillite,
are emplaced along shear zones on close spaced  en-echelon  fractures,  striking
about  310-320o,  and  dipping  from  40-60o to the  northeast.  The shear zones
average about 3 to 4 metres in width, within which white quartz veins occur. The
veins varying from 0.5 to 3 metres in width,  with an average width of about 0.9
metres.  Mineralization  in the veins consists of wisps and lenses of pyrite and
galena,  with  associated  gold and silver  mineralization.  Lesser  sphalerite,
chalcopyrite, tetrahedrite and native silver also occur.

A considerable  amount of underground  exploration and development work was done
on the Upper Skomac vein in the 1970's and 1980's.  Drilling showed the presence
of a mineralized quartz vein of good grade and width, situated below the 6 Level
which,  when  projected to the 7 Level (61 m below the 6 Level),  appears to lie
about 30 metres north of the 7 Level drift. Paxton (1994) suggests:

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         "It would  appear  that the drift got off the main vein and that  there
         may be up to 500 feet of unexplored vein in the 7 Level. If this is the
         case,  there is in the  author's  opinion a fair  chance of an  orebody
         similar in size and grade to the A or AA zones above the 6 Level, being
         discovered."

Paxton goes on to  recommend a program of  underground  drifting  and raising to
test this vein.  The  estimated  cost of this  proposed  underground  program is
$300,000.

There is limited  information  available regarding the Lower vein, and no modern
exploration  or  development.  The  historic  records  (Minister of Mines Annual
Report 1904)  document a small  shipment of ore (35 tonnes) which graded 318 g/t
Au (9.3 oz/t Au) from these  workings and  sampling by Robert's  Mine during the
1970's reportedly  returned grades of over 34 g/t Au (1 oz/t Au) for the first 9
metres of the adit.

One sample of  mineralized  argillite  footwall to the Lower vein  returned very
high  grade  gold (82 g/t Au (2.4 oz/t Au) and 169 g/t Ag (4.93 oz/t Ag)) over a
narrow width. This was the only sample of footwall material collected.  from the
Lower vein.  Furthermore,  available  information  suggests that sampling of the
wall rock in the Upper Level  workings and in drill core was  essentially  never
done. Given that a new style of gold mineralization has recently been discovered
in the Wells area by  International  Wayside in the  mineralized  footwall  to a
quartz vein system, follow-up of this target is strongly recommended.

Two  veins are  known to occur on the  southern  portion  of the  property  (the
Boundary Falls area veins),  although very little  exploration or development of
these  veins  or the  surrounding  area  has  been  done.  Gold  grades  and the
gold:silver  ratios are generally higher in samples from the Boundary Falls area
veins than in those  from the  Skomac  veins (to 14 g/t Au (0.42 oz/t Au) and 32
g/t Ag (0.93 oz/t Ag) over a 1.2 metre width from the Glory Hole vein).

A significant gold soil anomaly was discovered about 450 metres southeast of the
Lower  Skomac  vein.  The anomaly is poorly  defined by the very  coarse  sample
spacing,  but  appears to be  northeast  trending,  exceeds 200 metres in strike
length,  and has a maximum  value of 230 ppb Au. No  follow-up  has been done in
this area. Several other geochemical and geophysical  anomalies exist which also
require follow-up.

None of the  previous  grids  remain on the  ground  and  locating  the  precise
position of the  anomalies  will be  difficult if not  impossible.  Furthermore,
sampling  on  both  the  grids  was  done on a very  wide  spacing,  so  anomaly
definition was poor in the first place. For these reasons it is recommended that
a tight  spaced  grid  be  established  over  the  entire  property  and  that a
multi-element  soil  survey  be  run  over  the  grid.  Geological  mapping  and
geophysical surveys (mag, VLF-EM) are also recommended.

A two phase exploration  program is recommended for the Bow Mines property.  The
first phase will consist of surface exploration (geological mapping, geochemical
sampling and geophysics) as well as underground  development on the Upper Skomac
vein following the  recommendations of Paxton (1994), for a total Phase 1 budget
of $420,000.

 Phase 2 will be  contingent  on the  results of the Phase 1  program,  and will
consist of further target definition, plus drill and trench follow-up to targets
identified during Phase 1. The proposed Phase 2 budget is $200,000.

2.0      INTRODUCTION

2.1      Location, Access and Terrain

The Bow Mines property is located about 5.5 km southwest of Greenwood,  B.C., as
shown on Figure 1.  There is  excellent  road  access to the  claims,  which are
reached from Greenwood by following  Highway 3 south for 5 km to Boundary Falls,
then  turning  northwest  (right) onto Boltz Road for a further 3 km to the mine
site.

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The northern portion of the property is situated on a sparsely treed, moderately
steep, east facing slope overlooking Boundary Creek. The mill site and main mine
workings  are located just south of the base of a prominent  diorite  cliff with
over  300  metres  of  vertical  relief.  To the  south of the  mine  area,  the
topography is subdued,  with undulating grassy hills sloping south and east into
the  Boundary  Creek  Valley.  Elevations  range  from  about 700  metres in the
Boundary  Creek valley in the southeast  portion of the property,  to about 1100
metres at the top of the diorite cliffs to the northwest.  Rock exposure is good
in the northern part of the property.  A thick layer of glacial till covers much
of the southern portion of the property, with only minimal outcrop exposed.

The climate is typically dry, with hot summers and little rainfall.  Snowfall is
light,  generally less than 1 metre,  and the property is usually snow free from
March to mid November each year.

2.2      Property and Ownership

The Bow Mines Property  consists of 3 Mineral Leases  (comprising 6 former crown
grants),  one 4-post  mineral  claim,  two Reverted Crown Grants and four 2-post
mineral claims, as shown in Figure 2 and summarized below. The claims and leases
are  registered in the name of Karl  Schindler,  in trust for Bow Mines Limited.
They are currently under option to InvestNet Inc.

The claim map does show a possible  fraction existing between the south boundary
of the May Mac  claim  and the  northern  boundaries  of the A No. 3 and A No. 4
claims.  This could be easily  remedied by staking two additional 2 post mineral
claims.

Claim Name                    Tenure Number       Units      Expiration Date
----------                    -------------       -----      ---------------

May Mac                     2.14189216570e+41       12         08/17/2001
A No. 1                                             1          10/31/2001
A No. 2                                             1          10/31/2001
A No. 3                                             1          10/31/2001
A No. 4                                             1          10/31/2001
Tunnel RCG (L 888)                                  1          08/08/2001
Boundary Falls RCG (L889)                           1          08/16/2002



Mineral Leases              Tenure Number              Anniversary Date
--------------              -------------              ----------------
ML 423                          216298                    08/08/2000
Nonsuch L389
Republic L426
Hidden Treasure L1019
Cosmopolitan L 1680

ML 430                       216301216302                 11/15/2000
Last Chance L644

ML 431                                                    11/17/2000
Don't Know  L 2374


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The above Mineral  Leases are 30 year leases with annual  payments  necessary on
the anniversary date listed. The leases come up for renewal in 2023.

3.0      HISTORY OF EXPLORATION

3.1      Regional History

The Greenwood  camp,  and  particularly  the Phoenix area, has a long history of
exploration and mining activity.  Excellent  historical  accounts of the general
area are provided by Peatfield (1978) and Church (1986).  The following is taken
in part from these  sources  and the  reader is  referred  to these for  further
detail.

Exploration dates back to the early 1880's, with this first phase of exploration
and development  concentrating on high grade gold and silver veins,  such as the
Skylark,  Providence,  City of  Paris,  and  Jewel  (Dentonia)  Mines.  With the
discovery and development of the Phoenix area in the 1890's, exploration shifted
largely to a copper focus,  although work continued  sporadically on the various
precious  metal  vein  properties  over the  next 50  years.  In 1919,  Granby's
(Phoenix) mine and smelter closed due to low copper prices, lower ore grades and
a shortage of coking coal for the smelter furnaces.

The 1930's and 1940's  saw a revival of mining  activity  in the camp,  with the
reopening  of the Jewel and  Providence  Mines and  then,  in 1956,  the  Granby
Company  re-evaluated the Phoenix property with the intent of mining by open pit
trackless mining methods. Open pit production at Phoenix began in 1960 at a rate
of 900  tons per day and was  increased  to 3000  tons  per day by 1972.  Granby
terminated  mining operations at Phoenix in 1976, and later dismantled and moved
the Phoenix mill. For a 20 year period while the mine was operating, exploration
in the camp was booming,  although dominated by the work of Granby and virtually
controlled  by the Phoenix  "copper  skarn" model.  Total  production at Phoenix
during the period 1900 - 1976 is reported at of 27 million  tonnes @ 0.9% Cu and
1.12  g/t Au,  from a  number  of  different  ore  bodies  (Church,  1986).  The
Motherlode copper skarn deposit,  situated 3 km north of the Bow Mines property,
follows  a  similar  history  to the  Phoenix,  with  production  until  1918 by
underground  methods,  and  then  reopening  as an open pit  operation  in 1956.
Production  from the  Motherlode is reported at 4.2 million tonnes at a grade of
0.8% Cu and 1.27 g/t Au.

Exploration  in the camp was rekindled in the early 1980's with the discovery of
the Sylvester K gold bearing sulfide zone just north of Phoenix. The zone ranges
up to 12  metres  in width,  with  grades  in the order of 10 g/t Au,  from both
massive pyrite and from underlying pyritic volcanic siltstones.  The Sylvester K
is  contained  within a very  characteristic,  repeatable  sequence  of Brooklyn
sediments and volcanics (the upper portion of the regionally  mapped  sharpstone
unit),  sitting  just  below  massive  Brooklyn  limestone.  The  deposit  shows
characteristics of both structurally  controlled replacement  mineralization and
volcanogenic   massive  sulfide   mineralization.   Complex   faulting   offsets
mineralization and has hampered exploration.

The discovery of numerous gold mines in the late 1980's and early 1990's, nearby
in Washington State, has many implications to the Greenwood area,  although they
have not resulted in the  resurgence in  exploration  in the camp that one might
have expected.  Crown Resources/Battle  Mountain's Crown Jewel deposit at Chesaw
is a gold skarn deposit with reserves of in the order of 7.2 million  tonnes @ 6
g/t Au.  The  deposit  occurs  in  probable  Triassic  rocks  near a  Cretaceous
intrusion (Hickey,  1992),  similar to the geological setting of the major skarn
deposits in the Greenwood area.

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Crown  Resources/Echo  Bay's  success  in the late  1980's  and early  1990's at
discovering a new style of gold deposit in the Belcher  District,  in the Curlew
Lake area just south of the border, has opened the door to a new type of deposit
in the Greenwood  camp.  Rasmussen  (1993)  describes  this type of deposit as a
gold-bearing,  magnetite-pyrrhotite-  pyrite  syngenetic  volcanogenic  deposit.
Mineralization  is hosted within the Triassic Brooklyn  Formation,  and at least
part of the gold  mineralization is attributed to a late stage epigenetic event.
The gold bearing massive magnetite and sulfides at the Overlook, Lamefoot (about
2  million  tonnes  @ 7 g/t Au) and Key  West  deposits  all  occur  at the same
stratigraphic  horizon, with a stratigraphic  footwall of felsic volcaniclastics
and a massive  limestone  hangingwall,  and with auriferous  quartz-sulfide  and
sulfide veinlets in the footwall of the deposits.

The Republic district is located about 35 km south of the Bow Mines property and
has produced  close to 2.5 million ounces of gold, at an average grade of better
than 17 g/t Au (0.5 oz/t Au) (Tschauder,  1986) from Eocene  epithermal veins. A
number of new  epithermal  deposits have been  discovered in recent years in the
Curlew areas (ie.  Kettle,  K2) which  further  support the  importance  of this
Tertiary period for gold mineralization.  In the Greenwood Camp, high grade gold
mineralization  is known to occur along Tertiary  structures,  although  further
exploration is needed to evaluate the extent of this mineralization.

On the Lexington - Lonestar property,  which straddles the International  Border
about 9 km  southeast  of the Bow  Mines  property,  a zone of  massive  sulfide
mineralization at the contact of serpentine and altered volcanics was the target
of  considerable  exploration  in the  early to mid  1990's.  The Main Zone is a
sinuous body of  mineralization  measuring 25-70 metres in width, 2-24 metres in
thickness  and over 375 metres in length  which is hosted  along the No. 7 fault
zone. A proven mineable reserve of 132,000 tonnes at an average grade of 9.6 g/t
Au and 1.48% Cu  (145,000  tons @ 0.28 oz/t Au and 1.48% Cu) has been quoted for
the zone which is open on strike in both directions.

 To the southeast of the Main Zone, a copper-gold  porphyry system occurs at the
Lone Star and NW Zones in a Jurassic quartz-feldspar porphyry intrusion which is
spatially related to No. 7 thrust fault.  Drill indicated reserves are quoted at
17.6 million  tonnes  averaging  0.52% Cu and 0.3 g/t Au for the Lone Star Zone,
and 0.95 million tonnes at 1.04% Cu and 1 g/t Au for the NW Zone (Eibish,  1991;
Seraphim et al, 1995).

Recent exploration at the Golden Crown property,  just south of the Phoenix mine
and some 10 km east of the Bow  Mines  property  has  identified  a new style of
mineralization  for the  Greenwood  Camp.  At least 10 discrete,  close  spaced,
parallel,  en-echelon  massive  pyrrhotite (with lesser pyrite and chalcopyrite)
and  quartz-sulfide  veins are  recognized  on the Golden Crown  property,  with
grades  in the  order of 17 g/t Au (0.5  oz/t  Au).  Locally,  spectacular  gold
grades,  exceeding  2400 g/t Au (70 oz/t Au),  have been  obtained.  The overall
setting, host rocks, related intrusive rocks, and character of mineralization at
the Golden  Crown are  similar to the  Rossland  camp.  The  Rossland  model for
mineralization  has not previously  been  recognized  for the Greenwood  Camp. A
second example of this style of  mineralization is the Wildrose  property,  just
northwest of the Bow Mines property.

Recent exploration  successes in the area between Republic and the International
Border (nine new deposits within the past 10-15 years and a total contained gold
content of > 4 million oz) combined with new  discoveries  and newly  discovered
styles of mineralization in the Greenwood Camp, show the excellent potential for
this district.

3.2      Property History

The Bow Mines property  consists of two discrete  areas,  the Skomac property in
the north, and the Boundary Falls property to the south which together are known
as Smith's Camp.  Historically  these two areas have always been under different
ownership and up until the present have been worked by different companies.  For
simplicity,  this  discussion  of the  history of  exploration  and  development
maintains these historic boundaries.

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The following has been taken from accounts given in the Minister of Mines Annual
Reports,  from Minfile 082ESE045 & 082ESE171 and from Paxton (1984,  1987, 1994)
and Tully (1978).

The  majority of the previous  work on the Bow Mines  property was directed at a
gold-silver  quartz vein  system  situated on the  Republic,  Non-Such  and Last
Chance Crown Grants in the northern portion of the property. The vein system has
been  explored and  developed  by 7 adits over a vertical  distance of about 150
metres  and for a strike  length of about 400  metres.  Only minor work has been
done on the remainder of the Bow Mines property.

Skomac Property (northern portion of the Bow Mines Property)

Mineralization  was first discovered on the Skomac property in 1894 and the main
crown  grants were  issued  between  1894 and 1898.  By 1900 the claims had been
acquired by Republic Gold Mines Ltd.

Republic  Gold Mines Ltd.  developed the No. 1, No. 2 and No 3 adits (on what is
now  referred to as the Lower  vein).  During the period  1903-1904 35 tonnes of
ore,  grading  318 g/t Au  (9.3  oz/t  Au) was  produced  from  these  workings.
Intermittent  work is reported on the Skomac  property from 1904 to 1937, with a
total  production  of about 810 tonnes at an  average  grade of 3435 g/t Ag (100
oz/t Ag). Work during this period included development of the No. 4 adit, on the
Upper vein.

In 1961 the present Mineral Leases were granted.  Skomac Mines Ltd. operated the
property  until 1965,  developing the No. 5 adit and drilling the 5-1 cross-cut.
During this period,  a further 670 tonnes of ore averaging 1.4 g/t Au (0.04 oz/t
Au) and 185 g/t Ag (5.41 oz/t Ag) was produced and shipped to the Trail smelter.
From 1964 - 1969 there was additional small production under lease arrangements.

Robert's Mines  acquired the Mineral  Leases in 1973 and staked the  surrounding
ground  as  the  May  Mac  claim.  A  considerable  amount  of  exploration  and
development work was done on the Skomac property by Robert's Mines from 1973-83,
as detailed below. The No. 6 adit was developed in 1974, and stoping above the 6
Level (the A and AA zones)  resulted in 435 tonnes of  production  averaging 4.8
g/t Au (0.14  oz/t Au) and 695 g/t Ag (20.3  oz/t  Ag).  In 1976 a  further  550
tonnes  was  produced  from the B and C zones and the No. 7 adit was  started 61
metres (200 feet) below the 6 Level.

Work continued in 1977 and 1978.  Three diamond drill holes were drilled to test
for parallel vein structures, and two barren veins were discovered. Surface work
included a grid to the south of the mine workings,  with soil samples  collected
and analyzed for lead and silver. Several anomalies were identified. Also during
1977, B.N. Church of the B.C.  Geological  Survey Branch,  completed  geological
mapping of the Bow Mines property and the area surrounding the property (Church,
1982).  A pulse EM survey  completed  in 1978  revealed a long,  north  trending
conductor.  The conductor was partially  tested by drilling,  with  inconclusive
results.  An Accelerated  Mineral  Development Grant for $50,000 was obtained in
1978, an a major  development  program was  initiated.  Underground  development
included  driving the 6-1 and 6-2 cross-cuts,  and drilling 3 underground  drill
holes to test the downward extension of the AA zone.

In 1980, a raise was driven from the 7 Level to the 6 Level,  below the AA zone,
and a sublevel was driven on the vein. From 1980 - 82,  construction and testing
of a 100 ton per day mill was completed.  Prior to this point,  all ore produced
was direct shipping ore.

Mining  continued in 1983,  primarily  from the AA zone,  with about 1730 tonnes
mined and milled on site,  returning  an average  grade of 0.7 g/t Au (0.02 oz/t
Au) and 115 g/t Ag (3.4 oz/t Ag). No further exploration or  development

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was done until 1985,  although a summary  report on the  property  was  prepared
during 1984, and the mill continued to run as a custom milling  operation during
this period.  Total  production  from the Bow Mines  property from  discovery to
present is reported at 3,574 tonnes averaging 5.2 g/t Au (0.15 oz/t Au), 238 g/t
Ag (6.9 oz/t Ag), 1.6% Pb and 1% Zn.

In 1985, Empire Gold Resources entered into an agreement to explore the property
in return  for a 42% NPI in the mine and  mill.  In 1987,  work by  Empire  Gold
included driving the 6-3 cross-cut and drilling below the 6-2 and 6-3 cross-cuts
to  test  the  downwards  extension  of the  vein.  Fifteen  underground  holes,
totalling  450  metres,  were  drilled  and  showed  that the vein  dipped  more
shallowly than previously believed. This explained why the No. 7 adit had failed
to intersect the vein.

Underground  mapping and sampling of the lower vein in the No. 1 and No. 2 adits
was also  completed.  Of  interest  is the fact  that a  narrow  section  of the
mineralized  argillite footwall of the vein in the No. 2 adit returned 82 g/t Au
(2.4 oz/t Au) and 168 g/t Ag (4.9 oz/t Ag) from one  sample.  A small  amount of
trenching was done near the No. 2 adit.

Surface work was also completed during 1987,  including  geological  mapping and
soil  sampling  (for gold and silver).  Soil samples were  collected at 50 metre
intervals on 100 metre spaced  lines.  A gold  anomaly was  discovered  some 400
metres  southeast  of the No.  1, 2 and 3 adits,  with  values to 230 ppb Au. No
follow-up of this area has been done.  The agreement  with Empire Gold Resources
has terminated with no retained interest in the claims or in the mill.

There has been no  exploration  on the  property  since  1987,  although  custom
milling has been intermittent from 1987 to the present. The recommendations made
in 1987 have not been  carried  out. A report was  prepared in 1994,  for 593749
Alberta Limited.  The work recommended in the 1994 report has similarly not been
completed.

Boundary Falls Property (southern portion of the Bow Mines Property)

Mineralization  on the Boundary  Falls and Tunnel claims was discovered in 1894,
and the claims (owned at this time by Boundary  Falls Gold Mining  Company) were
crown granted in 1898. There is evidence of early work,  including  several test
pits and shafts on these claims but little record of this activity. The Boundary
Falls  property  was  acquired  by Amigo  Silver  Mines Ltd.  in 1973.  The only
significant work on this portion of the Bow Mines property was during the period
1975-78.  During 1975, a 45 metre long cross-cut was driven to intersect the No.
1 Vein, but stopped short of hitting the vein. Small EM and SP surveys were also
completed.  A limited amount of diamond drilling was done to test the Glory Hole
vein and several of the  geophysical  anomalies.  In 1978, a Pulse EM survey was
done,  and the  cross-cut  on the No.  1 vein  was  extended  for 18  metres  to
intersect the vein. Samples of the vein from this point returned up to 14 g/t Au
(0.42  oz/t Au) and 31 g/t Ag (0.91  oz/t  Ag) over 0.2  metres,  and 4.8 g/t Au
(0.14 oz/t Au) and 137 g/t Ag (4 oz/t Ag) over 0.6 metres.

No work has been done on this portion of the property since this time.

4.0      GEOLOGY, STRUCTURE and MINERALIZATION

4.1      Regional Geology and Structure

The  Greenwood  area has been mapped on a regional  basis by Fyles  (1990),  and
prior to this, by Little (1983) and Church (1986).  The distribution of rocks in
the Greenwood area is controlled by a series of faults,  including both Jurassic
thrust faults and Tertiary  extensional  and  detachment  faults.  The reader is
referred to Fyles (1990) for an in-depth description of the regional geology and
structure.

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The Jurassic and Tertiary faulting post dates some of the mineralizing events in
the area. In other cases mineralizaton is controlled by these structures. A firm
understanding  of the geology  and  structure  is  essential  for well  directed
exploration in this camp.

Fyles'  mapping  shows the  pre-Tertiary  rocks form a series of thrust  slices,
which lie above a basement high grade metamorphic  complex.  The thrusting event
is felt to be an effect of the development of the Okanagan  gneiss domes,  which
also results in the regional northward dip of rock units (Fyles,  1990). A total
of at least five thrust slices are recognized,  all dipping gently to the north,
and  marked in many  places by bodies of  serpentine.  Fyles'  interprets  these
serpentinite  bodies  as  representing  part  of a  disrupted  ophiolite  suite,
belonging  to the  Knob  Hill  Group  of late  Paleozoic  age.  Commonly,  these
serpentinite bodies have undergone Fe-carbonate  alteration to listwanite,  as a
result of the thrusting event.

The oldest  rocks in the camp  belong to the late  Paleozoic  Knob Hill Group of
dominantly  volcanic  affinity,  and  consist  mainly of chert,  greenstone  and
related intrusives,  and serpentine.  The intrusive rocks of the Knob Hill Group
include  the Old  Diorite  which  forms  the  prominent  cliffs on the Bow Mines
property northwest of the mine workings.

On a regional scale, the Knob Hill rocks are unconformably overlain by sediments
and volcanics (largely argillite, siltstone, limestone and andesite) of the late
Paleozoic  Attwood Group.  Rocks of both the Knob Hill and Attwood Groups are in
turn  unconformably  overlain by the Triassic  Brooklyn  Formation,  represented
largely by limestone,  clastic sediments and pyroclastics.  In many cases in the
Greenwood  area,  evidence  for  thrusting  is seen by the older Knob Hill Group
rocks resting over the younger Attwood Group or Brooklyn  Formation  rocks.  The
historically  important skarn deposits in the Greenwood area (i.e. Phoenix,  Oro
Denoro, Motherlode-Greyhound) area hosted within the Triassic rocks.

Three separate  intrusive events are known regionally to cut the above sequence.
Intrusive  rocks in the Lexington area have been dated as Jurassic  (Sinemurian)
by Church (1992) and bear  similarities to the Jurassic aged Rossland  monzonite
(which is related to gold-copper veins in the Rossland Camp). Recent work in the
Greenwood  camp has  identified a multiple  phase  intrusive in the Phoenix area
which also bears many  similarities to the Rossland  monzonite and is associated
with Rossland-type Au-Cu veins.

Cretaceous Nelson-type intrusives are common in the Greenwood area, particularly
in the north  -central  part of the map area.  Eocene  Coryell  dykes and stocks
commonly cut older rocks,  with the intensity of dyking again  increasing to the
north.

Tertiary sediments and volcanics  unconformably overlie the older rocks with the
distribution  of these Tertiary rocks largely  controlled by a series of faults.
Regionally,  three  Tertiary  fault sets are  recognized,  an early  gently east
dipping set, a second set of low angle west dipping,  listric normal  detachment
type faults, and a late, steep dipping, north to northeast trending set of right
lateral or west side down normal faults (Fyles, 1990). Detailed property mapping
in the  Greenwood  area has  shown  that in many  cases  the  regionally  mapped
Tertiary  detachment and steep late north trending  faults are  accompanied by a
series of less  significant  sympathetic  faults,  with lesser amounts of offset
than the regionally mapped structure.  A major gold event is associated with the
period of Tertiary activity, with greater than 2.5 million ounces of gold in the
Republic District (some 50 km to the south of the Bow Mines property) attributed
to this event.

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4.2     Property Geology

The  geology of the Bow Mines  property  is  described  in some detail by Church
(1982) and by Paxton (1987,  1994).  The  following  discussion is taken largely
from these  sources.  Figure 3 shows the general  geology of the property  area.
More detail of the northern  portion of the property,  in the area of the Skomac
veins, is included as Figure 4.

On a regional  scale,  the Bow Mines property is situated  within a structurally
complex area (Fyles, 1990). Two major east-west trending, moderate north dipping
thrust faults are located in the vicinity of the Skomac  veins.  As is common in
the  Greenwood  area,  these  thrust  faults  are  marked  by  linear  bands  of
serpentine.  The Skomac veins are situated in a fault bounded block of primarily
metasedimentary  rocks  situated  between these  thrusts,  with the Mount Wright
fault forming the southern  boundary to the fault block and the Lind Creek fault
the northern boundary (See Figure 4).

A large diorite  intrusive  occurs north of the Lind Creek fault,  as well as in
the immediate  footwall of the thrust. The diorite is part of the Paleozoic Knob
Hill Group, and is known locally as the "Old Diorite" (Church,  1982, 1986). The
intrusion is typically medium to coarse grained,  mottled  green-grey in colour,
with numerous criss- crossing felsic veinlets.

The  metasedimentary  rocks in the  footwall  of the Lind Creek  fault have been
named the Skomac  Formation,  and are part of the Paleozoic  Attwood Group.  The
Skomac veins are hosted within this unit. Thinly bedded  carbonaceous  argillite
is  common,   locally   interbedded  with  cherty  sandstone  and  chert  pebble
conglomerate.  Bedding  is  typically  northwest  trending  and  moderate  north
dipping,

Rocks in the footwall of the Mount Wright fault consist of chert and  quartzite,
quartz mica schists and gneisses and minor  limestone  and dolomite  which Fyles
(1990)  interprets as belonging to the Paleozoic  Knob Hill Group.  The Boundary
Falls veins (No. 1 and Glory Hole) occur  within these  rocks.  In general,  the
foliation  within  the  metamorphic  rocks  trends  west and  northwest,  with a
moderate north dip.

The entire sequence is cut by a series of granodiorite and microdiorite dykes of
Cretaceous  and Tertiary age. The Cretaceous  granodiorite  dykes are related to
the  large  areas  of  Nelson   intrusives  in  the  Greenwood  area.   Tertiary
microdiorite dykes are common throughout the property. These dykes cut the Upper
Skomac vein,  and are also known to occur in workings on the Boundary  Falls and
Tunnel claims.

The Mount  Wright and Lind Creek  thrust  faults  (and the fault  bounded  block
between the fault zones) are truncated to the west by a complex zone of Tertiary
faulting.  The Tertiary faults include the north trending Greyhound and Deadwood
faults which form the eastern boundary of the Toroda Graben. A number of smaller
north trending Tertiary faults are also known to occur on the property.

4.3      Mineralization and Exploration Targets

Skomac Veins

The  majority  of the work on the Bow Mines  property  has been  directed at two
parallel, southeast striking vein systems, the Upper and Lower Skomac veins (See
Figures 3 and 4). A number of smaller  branching veins are also known.  Detailed
descriptions of the veins are provided by Paxton (1984, 1986, 1987 and 1994) and
by  Church   (1982).   As  described   above,   the  veins  are  hosted   within
metasedimentary rocks (primarly argillites) in a block  bounded  by the Lind

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<PAGE>



Creek fault on the north (top) and the Mount Wright  fault to the south  (base).
The Upper vein is situated  about 50 metres below the upper contact of the fault
block, while the Lower vein is somewhat closer, perhaps only 20 metres below the
Lind Creek fault.

The veins are emplaced along shear zones on close spaced  en-echelon  fractures,
striking about  310-320o,  and dipping from 40-60o to the  northeast.  The shear
zones  average  about 3 to 4 metres in width,  within  which white  quartz veins
occur. The veins varying from 0.5 to 3 metres in width, with an average width of
about 0.9 metres.  Mineralization  in the veins  consists of wisps and lenses of
pyrite  and  galena,  with  associated  gold and silver  mineralization.  Lesser
sphalerite,  chalcopyrite,  tetrahedrite and native silver also occur. Argentite
and polybasite have also been identified.

Upper Vein

The majority of the exploration and production on the property has been from the
Upper vein. The Main workings (4, 5, 6 and 7 Levels) are developed on this vein.
A geological  plan and  longitudinal  section from Paxton  (1986) is included as
Figure 5 which shows the Upper vein in detail.

The Upper vein is exposed  underground over a strike length of about 220 metres,
and has an  average  dip of about 50o to the  northeast.  Four  known ore shoots
occur within the exposed strike length,  and are referred to as the AA, A, B and
C zones. The shoots range from 15 to 35 metres in strike length, and consists of
thickened  mineralized quartz lenses, which may reach widths of 6 metres. Church
(1982)  indicates  that the shoots  appear to be aligned on gash  structures  at
almost  right  angles  to the main  shear  direction,  striking  about  015o and
plunging  about 40o to the north.  The shoots are separated by a combination  of
zones of pinching, small fault offsets and by crosscutting dykes.

The vein is hosted in thinly bedded  carbonaceous  argillite,  and vein contacts
are generally slickensided. Slip planes within the vein and parallel to the vein
walls are also common.  Also common are tension  fractures in the vein walls, at
high  angles to the vein.  These  tension  fractures  may be the locus for large
masses of barren white quartz.

A large post-ore  microdiorite dyke cuts the vein between the A and B zones. The
dyke strikes at 060o,  dips 40- 45o  northwest  and averages  about 10 metres in
width.   Contacts  are  indistinct,   and  the  dyke  margins  are  altered  but
unmineralized.  Post-ore  faults are  typically  steeply  dipping,  with strikes
ranging  from 020 - 040o.  These  faults  represent  part of a major  episode of
regional extensional tectonism during the Tertiary.

Drilling  in 1987  from the 6-2 and 6-3  cross-cuts  showed  the  presence  of a
mineralized  quartz  vein of good grade and width,  situated  below the 6 Level.
Results  include  11.7 g/t Au (0.343 oz/t Au) and 122 g/t Ag (3.56 oz/t Ag) over
0.58  metres  (1.9 feet)  from hole  U-87-12.  Detailed  sections  showing  this
drilling are included in Paxton (1994).

When  projected  to the 7 Level (61 metres  (200 feet)  below the 6 Level),  the
mineralized  vein  appears  to lie about 30 metres  north of the 7 Level  drift.
Paxton (1994) suggests:

         "It would  appear  that the drift got off the main vein and that  there
         may be up to 500 feet of unexplored vein in the 7 Level. If this is the
         case,  there is in the  author's  opinion a fair  chance of an  orebody
         similar in size and grade to the A or AA zones above the 6 Level, being
         discovered."

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<PAGE>



Paxton (1994) goes on to recommend a program of underground drifting and raising
to test this  vein,  as  discussed  below  and  shown in Figure 6. This  program
remains  to be  carried  out.  In  order  to test the  vein,  Paxton  recommends
extending  the northern  branch of the 7 Level drift for 49 metres (160 feet) at
an azimuth of 347o, to intersect the (projected)  mineralized vein discovered by
drilling.  At this point,  Paxton recommends  driving a raise on the vein for 79
metres (260 feet) to break through to the 6 Level. He also  recommends  drifting
along the vein on the 7 Level,  for a further 79 metres  (260 feet) to the west.
The estimated  cost of this proposed  underground  program is $300,000  (Paxton,
1994).

A preliminary  review of limited  sampling  results from the Upper vein seems to
suggest a zonation  within the vein,  with an  increase in gold grade and in the
gold:silver  ratio to the southeast.  It is recommended  that the possibility of
zonation in the vein be further  studied in subsequent  work  programs  since an
understanding of this may help direct exploration.

Lower Vein

The Lower vein is situated to the  southeast of the Upper vein (about 250 metres
southeast of the AA zone on the 6 Level).  As with the Upper vein,  it is hosted
within the fault bounded block of metasedimentary rocks, but situated only about
20 metres or so from the hanging wall of the fault block.  Serpentine related to
this upper fault contact is exposed in the vicinity of the lower adits (No. 1, 2
and 3 adits).

There is limited  information  available regarding the Lower vein, and no modern
exploration  or  development.  The  historic  records  (Minister of Mines Annual
Report 1904)  document a small  shipment of ore (35 tonnes) which graded 318 g/t
Au (9.3 oz/t Au) from these  workings.  Sampling  by  Robert's  Mine  during the
1970's reportedly  returned grades of over 34 g/t Au (1 oz/t Au) for the first 9
metres  (30 feet) of the adit  (Paxton,  1986).  Subsequent  sampling  by Paxton
(1987) in the No. 1 and No. 2 adits did not confirm these  grades.  The vein was
narrow and discontinuous where observed and samples collected from vein material
were consistently low in both gold and silver grade.

What is  extremely  interesting  however,  is that  one  sample  of  mineralized
argillite  footwall  to the vein  collected  from adit No. 2 returned  very high
grade gold and  silver  vales (82 g/t Au (2.4 oz/t Au) and 169 g/t Ag (4.93 oz/t
Ag) over a width of 0.15 m (0.5  feet)).  This was the only  sample of  footwall
material  collected  from the Lower  vein.  Furthermore,  available  information
suggests that sampling of the wall rock in the Upper Level workings and in drill
core was essentially  never done. Given that a new style of gold  mineralization
has recently been discovered in the Wells area by  International  Wayside in the
mineralized  footwall  to a quartz  vein  system,  follow-up  of this  target is
strongly recommended.

As a first step, the sample location in the No. 2 adit should be re-examined and
re-sampled.  An  effort  should  be made to  obtain  any  available  information
regarding the Wells  discovery to see what  similarities  may exist with the Bow
Mines area. All available drill core should be re-examined and mineralized  wall
rock sampled where ever it occurs.  Similarly,  available  underground exposures
should be mapped and sampled,  paying  particular  attention to  alteration  and
mineralization  in the wall rock of the veins.  Trenching may be a viable option
to test the Lower vein and it's footwall,  should this be warranted by the above
work.

Boundary Falls Veins

Two veins are known on the southern  portion of the property (the Boundary Falls
property),  although very little  exploration  or development of these veins has
been done, and little  exploration been done in the surrounding area. Work which
has tested this area is described by Tully  (1978).  The veins are hosted within
Knob Hill Group metamorphic rocks in the footwall of the Mount Wright fault.

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<PAGE>



One of the Boundary Falls area veins,  the Glory Hole vein, has a similar strike
to the Skomac veins,  but a much different dip. The second vein, the No. 1 vein,
is north-northeast  trending and steeply west dipping, similar in orientation to
Tertiary  faulting and dyking in the Skomac area. A major period of  extensional
tectonism  in the  Tertiary  is  known  to occur  regionally.  Significant  gold
mineralization  is associated  with this event in the Curlew and Republic areas,
as well as in the Phoenix area. Gold grades and the gold:silver  ratios are much
higher in  samples  from the  Boundary  Falls  area veins than in those from the
Skomac veins.

Glory Hole Vein

The Glory Hole vein is exposed on surface in an old working and is  described as
being  comprised of  porcelaneous,  highly  shattered  quartz.  The vein strikes
southeast,  dips  steeply to the west and  ranges up to 1.2 metres in width.  As
with the Skomac  veins,  slips  within the vein  parallel  to the vein walls are
common.   Mineralization   within  the  vein  consists  of  pyrite,  galena  and
tetrahedrite,  with very minor chalcopyrite.  Values to 14 g/t Au (0.42 oz/t Au)
and 32 g/t Ag (0.93 oz/t Ag) over a 1.2 metre width are reported  from the Glory
Hole.  Attempts  to test the vein at depth  with two  diamond  drill  holes were
unsuccessful and it was assumed that the vein has been offset by faulting.

No. 1 Vein

The No. 1 vein is exposed on surface,  and trends at approximately 020o, dipping
at about 70o to the west. A 63 metre cross-cut was driven to intersect this vein
at a  vertical  depth of about 25  metres  below  surface.  Three  samples  were
collected  from the vein,  near the face of the  cross-cut,  as  detailed on the
following page:

Sample width (m)             Gold g/t                    Silver (g/t)
----------------             --------                    ------------
0.2 m   (  8 inches)  14.4 g/t Au (0.42   oz/t Au)   31.2 g/t Ag (0.91 oz/t Ag)
0.3 m   (12 inches)    6.6 g/t Au (0.194 oz/t Au)    13.7 g/t Ag (0.4  oz/t Ag)
0.6 m   (24 inches)    4.8 g/t Au (0.14   oz/t Au)   137  g/t Ag (4.0  oz/t Ag)

A further  sample of the vein from  surface  returned 3.9 g/t Au (0.114 oz/t Au)
and 21.9 g/t Ag (0.64 oz/t Ag) over a 0.6 metre vein width. One drill hole which
tested the vein  returned  7.9 g/t Au (0.23 oz/t Au) and 582 g/t Ag (17 oz/t Ag)
over a 1.5 metre intercept (true width ~ 1.1 metres).

The  north-northwest  trend to this vein and the  higher  Au:Ag  ratio seen here
suggest  that this vein may belong to a  Tertiary  mineralizing  event.  Further
testing of this vein is warranted given the regional significance of this event.

Other exploration targets

A significant gold soil anomaly was discovered about 450 metres southeast of the
Lower Skomac vein. The anomaly is apparently  underlain by metamorphic  rocks in
the footwall of the Mount Wright fault.  It is poorly defined by the very coarse
sample  spacing,  but appears to be  northeast  trending,  exceeds 200 metres in
strike length, and has a maximum value of 230 ppb Au. No follow-up has been done
in this area. Further mapping and sampling in this area is strongly recommended.

A 1977 soil  survey  was  completed  for lead and  silver  over a portion of the
property and several silver  anomalies were apparently  defined.  Once again, no
follow-up  to these  targets  has been done.  Neither the 1977 nor the 1986 grid
remains on the ground and locating the precise position of the anomalies will be
difficult, if not impossible. Furthermore, sampling on both these grids was done
on a very wide spacing,  so anomaly  definition was poor in the first place. For
these reasons it is recommended that a tight spaced grid be established over the
entire property and that a multi-element soil survey be run over the grid.

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 During the mid-late  1970's,  various  geophysical  surveys were completed over
parts of the Bow Mines  property  revealing a number of  anomalies  which remain
untested  or only  partially  tested.  None  of the  surveys  provided  complete
coverage of the property,  and the precise  location of the anomalies  resulting
from  these  surveys  is  not  known.  It is  recommended  that a  basic  ground
magnetometer  and VLF-EM  survey be run over the  property,  on the same grid as
used for  soil  sampling.  Depending  on the  results  of this  work,  different
follow-up geophysical techniques may be recommended (ie. SP or Pulse EM).

5.0      RECOMMENDATIONS

A two phase exploration  program is recommended for the Bow Mines property.  The
first phase will consist of surface exploration (geological mapping, geochemical
sampling and geophysics) as well as underground  development on the Upper Skomac
vein following the recommendations of Paxton (1994).  Phase 2 will be contingent
on the  results of the Phase 1  program,  and will  consist  of  further  target
definition,  plus drill and trench follow-up to targets  identified during Phase
1.

Phase 1  (Total Phase 1 Budget: $420,000)

Surface Exploration                                                   ($120,000)
-------------------

     1.   Stake two 2 post  claims to cover a possible  fraction  between  the A
          No.3and A No. 4 claims and the May Mac claim.

     2.   Establish  a  detailed  grid over the  entire  property  and  complete
          geological  mapping,  rock chip sampling and ground  magnetometer  and
          VLF-EM surveys over the entire grid.

     3.   Complete a multi-element soil sample survey over the entire grid, with
          the exception of areas of very thick glacial till cover defined by the
          mapping program.

     4.   Re-examine and re-sample the  mineralized  footwall to the vein in the
          No. 2 adit. Similarly,  re- examine and re-sample available drill core
          and  underground  exposures  to test for  other  areas of  potentially
          mineralized wall rock to the veins.


Underground Exploration and Development                               ($300,000)
---------------------------------------

Paxton  (1994)  makes  specific  recommendations  for a program  of  underground
drifting and raising to test the Upper Skomac vein on the 7 Level.  In addition,
he provides the technical  details  needed to carry out this work and a detailed
breakdown as to expected  costs and scheduling  for this proposed  program.  The
reader is  referred  to this  report for the  specific  details  regarding  this
program.

The proposed program involves a total of 128 metres of drifting and 79 metres of
raising,  with  accompanying  detailed mapping and sampling of the vein and wall
rock.  The northern  branch of the 7 Level drift would be extended for 49 metres
to intersect the (projected)  mineralized  vein. At this point, a raise would be
driven on the vein for 79 metres to break through to the 6 Level. Drifting along
the vein on the 7 Level would also be  completed  for a further 79 metres to the
west.

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<PAGE>



Phase 2  (Total Phase 2 Budget  $200,000)

A Phase 2 program is  recommended  to follow-up  targets  defined by the Phase 1
program. Phase 2 will be contingent on the results of the Phase 1 program and is
expected to include follow-up geophysics (possibly SP or Pulse EM), plus surface
diamond drilling and trenching of veins or other targets.

6.0      REFERENCES

BC MEMPR Minister of Mines Annual Reports 1894 p. 755; 1896 p. 577, 582; 1897 p.
576, 587; 1898 p. 306, 1125,  1195; 1900 p. 990; 1901 p. 1057; 1902 p. 180; 1903
p. 170; 1904 p. 213-14,  219; 1905 p. 183; 1910 p. 120; 1913 p. 150-51;  1914 p.
334; 1915 p. 201, 446; 1921 p. 185; 1922 p. 175-76; 1933 p.162; 1934 p.A25, D35;
1937 p. A. 36, D35; 1962 p. A48, 69; 1963 p. A48; 1964 p. A53,  110-11;  1965 p.
167-68;  1969 p. A53; 1975 p. A93; 1976 p. A102,  1975 p. E14; 1978 p. E18; 1979
p. 15.

Church, B.N., 1982.

1977- Geology of the Skomac Mine and Boundary Falls Area (82E/2),  in Geology in
B.C. 1977- 1981, p. 1-12.

Church, B.N., 1986.

Geological Setting and Mineralization in the Mount  Attwood-Phoenix  area of the
Greenwood Mining Camp. BCDM Paper 1986-2.

Church, B.N.,  1997.

Metallogeny  of the  Greenwood  Mining Camp,  for CIM  presentation,  Vancouver,
Spring 1997.

Eibish, 1991.

Lone Star Project, Ferry County, Washington. Unpublished company report and map,
U.W. Borax, Northwest Exploration.

Fyles, J.T., 1990.

Geology of the Greenwood-Grand  Forks Area, British Columbia,  NTS 82E/1,2. B.C.
Geological Survey Branch Open File 1990-25.

Hickey, R.J., 1992.

The  Buckhorn  Mountain  (Crown  Jewel)  Gold Skarn  Deposit,  Okanogan  County,
Washington. Economic Geology v. 87, p. 125 - 141.

Little, H.W., 1983.

Geology of the Greenwood Map area, British Columbia. GSC pape 79-29.

Minfile 082ESE045 - Skomac; 082ESE171 - Boundary Falls

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<PAGE>



Paxton, J., 1984.

Report to Silver Hoarde  Resources Inc. on the Robert Mine Property,  Greenwood,
B.C., April 15, 1984.

Paxton, J., 1986.

Report and  Recommendations  Made on the Robert Mines Property,  for Empire Gold
Resources Ltd, 1986. Company Report for Empire Gold Resources.  (incomplete copy
of this report available for review).

Paxton, J., 1987.

Results of the 1987 Work  Program on the Robert Mine  Property,  for Empire Gold
Resources Ltd., May 30, 1987.

Paxton, J., 1994.

Geological Report on the Bow Mines Limited Property (Also known as Robert Mines,
Skomac, Last Chance, May Mac), for 593749 Alberta Ltd., October 1, 1994.

Peatfield, G.R., 1978.

Geologic  History and Metallogeny of the 'Boundary  District',  Southern British
Columbia and Northern Washington. PhD Thesis, Queen's University.

Rasmussen, M., 1993.

The Geology and Origin of the Overlook Gold Deposit,  Ferry County,  Washington.
Ph.D. Thesis, University of Washington.

Schroeter, T.G., C. Lund and G. Carter, 1989.

Gold Production and Reserves in British Columbia.  BC MEMPR Open File 1989-22.

Seraphim, R.H., B.N. Church, and J.T. Shearer, 1995.

The  Lexington - Lone Star  copper-gold  porphyry:  An Early  Jurassic  cratonic
linear  system,   southern  British  Columbia.  In:  Porphyry  Deposits  of  the
Northwestern  Cordillera of North America, CIM Special Volume 46, Edited by T.G.
Schroeter, p. 851 - 854.

Tully, D., 1978.

Report on the Boundary Falls Claim Group, for Amigo Silver Mines Ltd.  September
26, 1978.

Tschauder, R., 1986.

The Golden Promise:  A Recent Discovery in the Republic Mining  District,  Ferry
County,   WA.  Presented  at  the  92nd  Annual  Northwest  Mining   Association
Convention, Spokane, Dec 1986.


                                       85


<PAGE>



                                   APPENDIX 1

                           STATEMENT OF QUALIFICATIONS

I, Linda J. Caron, certify that:

1. I am an independent exploration geologist residing at 71 75th Ave (Box 2493),
Grand Forks Creek, B.C.

2. I obtained a B.A.Sc.  in  Geological  Engineering  (Honours)  in the  Mineral
Exploration Option, from the University of British Columbia (1985).

3. I graduated  with a M.Sc. in Geology and  Geophysics  from the  University of
Calgary (1988).

4. I have  practised  my  profession  since 1987 and have  worke in the  mineral
exploration industry since 1980.

5. I am a member in good standing with the Association of Professional Engineers
and Geoscientists of B.C. with professional engineer status.

6. I have worked  extensively in the Greenwood area since 1989. I was contracted
by the property  owners to prepare this report,  based on an  examination of the
Bow Mines  property and on a review of all  available  data. I have no direct or
indirect interest in the property described herein.

/s/ Linda Caron, P. Eng.                                                    Date
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