Kings Canyon 43-101 Final C1

TECHNICAL REPORT FOR THE MAIN AREA AND
NEW BUTTE PROSPECT AT THE KINGS CANYON

EXPLORATION PROPERTY
IN
MILLARD COUNTY, UTAH, USA
Prepared For
PALLADON VENTURES LTD.

1500 – 409 Granville Street
Vancouver, BC V6C 1T2
CANADA
Tel: 604-484-7088
Fax: 604-484-7044
BY
R. H. Russell, M.Sc., Licensed Geologist
April 22, 2005

TABLE OF CONTENTS
KINGS CANYON EXPLORATION PROPERTIES Page
SUMMARY-------------------------------------------------------------------- 1
1.0 INTRODUCTION AND TERMS OF REFERENCE----------------- 4
1.1 GENERAL---------------------------------------------------------------------------- 4
1.2 CURRENCY AND UNITS OF MEASUREMENT----------------------------- 4
2.0 DISCLAIMER---------------------------------------------------------------- 6
3.0 PROPERTY LOCATION, ACCESS AND DESCRIPTION-------- 7
3.1 MINERAL DISPOSITION--------------------------------------------------------- 7
3.2 LEGAL SURVEY-------------------------------------------------------------------- 8
3.3 ENVIRONMENTAL AND PERMITTING-------------------------------------- 8
4.0 PHYSIOGRAPHY, INFRASTRUCTURE AND CLIMATE-------- 10
5.0 HISTORY---------------------------------------------------------------------- 11
5.1 PREVIOUS WORK------------------------------------------------------------------ 11
6.0 GEOLOGIC SETTING---------------------------------------------------------- 12
6.1 REGIONAL GEOLOGY------------------------------------------------------------ 13
6.2 STRATIGRAPHY------------------------------------------------------------------- 14
6.3 DEVONIAN ROCKS---------------------------------------------------------------- 14
6.3.1 Sevy Dolomite---------------------------------------------------------------------- 15
6.3.2 Simonson Dolomite---------------------------------------------------------------- 15
6.3.3 Lower Guilmette, Simonson And Sevy Equivalent, Undivided------------- 16
6.3.4 Guilmette Formation--------------------------------------------------------------- 16
6.4 DEVONIAN/MISSISSIPPIAN ROCKS------------------------------------------ 17
6.4.1 Pilot Shale--------------------------------------------------------------------------- 17
6.5 MISSISSIPPIAN ROCKS---------------------------------------------------------- 18
6.5.1 Pilot Shale--------------------------------------------------------------------------- 18
6.5.2 Joanna Limestone------------------------------------------------------------------ 18
6.5.3 Chainman Formation-------------------------------------------------------------- 19
6.6 INTRUSIVE ROCKS---------------------------------------------------------------- 19
6.7 COVER ROCKS--------------------------------------------------------------------- 19
6.8 STRUCTURE------------------------------------------------------------------------- 19
6.9 GEOLOGIC SETTING OF THE KINGS CANYON PROPERTY---------- 20
6.9.1 Geology---------------------------------------------------------------------- 20
6.9.2 Alteration-------------------------------------------------------------------- 21
6.9.3 Structure--------------------------------------------------------------------- 21
7.0 GEOPHYSICS---------------------------------------------------------------------- 22
8.0 GOLD MINERALIZATION AND GEOCHEMISTRY-------------- 23
8.1 GOLD MINERALIZATION------------------------------------------------------- 23
8.2 GEOCHEMISTRY------------------------------------------------------------------- 24
9.0 DRILLING RESULTS------------------------------------------------------ 25
10.0 ADJACENT PROPERTIES------------------------------------------------ 26
11.0 SAMPLING METHOD AND APPROACH---------------------------- 27
12.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY-------- 28
13.0 MINERAL PROCESSING AND METALLURGICAL TESTING 29
14.0 DATA VERIFICATION---------------------------------------------------- 30
15.0 MINERAL RESOURCE ESTIMATES---------------------------------- 31
16.0 INTERPRETATION AND CONCLUSIONS--------------------------- 32
17.0 RECOMMENDATIONS---------------------------------------------------- 34
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18.0 SOURCES OF INFORMATION------------------------------------------ 36
CERTIFICATE OF AUTHOR-------------------------------------------- After 38
TABLES
Table 3.1 MAIN AREA UTM COORDINATES---------------------------------- Page 7

Table 3.2 NEW BUTTE UTM COORDINATES--------------------------------- Page 7
Table 3.3 KINGS CANYON LAND-------------------------------------------------- Page 8
Tab. 17.1 KINGS CANYON: RECOMMENDED PHASE I BUDGET------ Page 34
Tab. 17.2 KINGS CANYON: PROPOSED PHASE II BUDGET------------- Page 34
APPENDICES
Appd I ROCK SAMPLE ANALYTICAL RESULTS-------------------------
ii
Technical Report, Kings Canyon Exploration Property
Palladon Ventures Ltd April 22, 2005
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SUMMARY
Palladon Ventures Ltd. (“Palladon”) entered into an option agreement May 7, 2004
(amended July 9, 2004) to acquire a 100% undivided interest from Genesis Gold
Corporation (“Genesis Gold”) in five exploration properties, including the Kings Canyon
exploration properties, located in an unnamed mining district in western Millard County,
Utah, U.S.A. Palladon is earning the undivided 100% interest in the properties, subject to
a 2% Net Smelter Return (“NSR”) to Genesis Gold and a 1% NSR on encumbered
property, by issuing 2 million common shares of Palladon stock to Genesis Gold over
four years.
The Kings Canyon properties cover an area totaling approximately 2,160 acres (8.74
square kilometers or 847 hectares). The property is composed of a total of 76 unpatented
mining claims and one Utah State Trust Lands lease. In the Main area, 55 claims and the
State lease (all of Section 16) are located along Highway 50 in Sections 8,9,10,15 16 and
17, T20S, R16W (1740 acres or 704 hectares). Ten miles (16 kilometers) to the south-
southwest, 21 claims cover the New Butte prospect (420 acres or 170 hectares) in
Sections 31 and 32, T21S, R16W. The properties lie in the eastern Great Basin,
approximately 150 miles (245 kilometers) southwest of the capital city of Utah, Salt Lake
City. The properties are reached by paved Highway US 50, either from Ely, Nevada, 90
miles (145 kilometers) to the west, or Delta, Utah, 60 miles (100 kilometers) to the
northeast. From the highway, a network of unpaved roads provides excellent access
throughout the property area. The physical setting is typical limestone-dominated desert
physiography with rocky hills and low-relief grass-covered plains. The climate is dry and
water is relatively scarce.
The exploration target at King Canyon is a Devonian dolomite-hosted disseminated,

sediment-hosted, Carlin-type gold deposit model. Based on the gold mineralization
known to exist in this geologic setting, a potential deposit could contain 200,000 or more
ounces of gold at a potential grade of 1.0 to 2.0 grams (0.032 to 0.064 oz/ton).
The area has not had an extensive history of exploration and has only recently been
explored for precious metals. Several prospectors and mining companies explored the
general Kings Canyon area from about 1983 to approximately 1993. The most
significant of these was the Crown Resources/Centurion Mines joint venture (“Crown”)
which discovered a mineralized zone, the Main Discovery, reportedly containing over
200,000 of gold at a reported grade of 0.03 ounces per ton on property immediately
adjacent to the Genesis Gold Main area. Battle Mountain Gold (“Battle Mountain”) also
explored in the area currently encompassing the Kings Canyon properties. The Crown
Resources historic resource estimate does not conform to current 43-101 standards
and will need to be confirmed and appropriate confirmation drilling completed.
The author of this report mentions the historic resource estimate for historical
reference only and, because the author did not perform the resource estimate, does
not infer or assert that the resource estimate was performed under current NI 43-
101 guidelines, or that the historic resource estimate is reliable or accurate.
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The property is underlain by middle Paleozoic platform carbonate rocks with local
patches of Tertiary volcanics. The Paleozoic rocks consist of a thick dolomite sequence
overlain by a thick limestone unit. The rocks are gently warped into broad folds and
generally have shallow dips. The bedrock units are cut by numerous faults with generally
small offsets, although on the western side of the property a major basin-bounding fault
with hundreds of feet of offset is inferred. These rocks are locally covered by quaternary
alluvium believed to be thin in most areas but likely much thicker to the west of the
inferred basin-bounding fault.
From 1990 to 1993 Crown conducted a large program to explore numerous jasperoid
occurrences within a radius of several miles of the current property for the discovery of
sediment-hosted (“Carlin-type”) gold deposits. Several target areas were identified
through outcrop prospecting and later drilled, generally with little success. The exception
to this is the mineralized zone discovered by Crown adjacent to the Main area of the
Kings Canyon property position. Crown drilled the mineralized zone based on the
presence of a small jasperoid containing only 16 parts per billion (“ppb”) gold.
The top of the mineralized zone discovered by Crown varies between 50 to more than
300 feet (15 to 91.5 meters) below the surface. The surface expression of this
mineralized zone is very subtle, manifested by small and scattered jasperoids with low
gold values. The apparent feeder fault for the mineralized zone is well exposed in a
portion of outcrop, and is characterized by a planar fracture in gray limestone with 1 to 2
inches (2.5 to 5.0 centimeters) of white carbonate gouge/cement and scattered thin
jasperoid “scabs” on the adjacent limestone.
A total of at least 145 drill holes have been completed on the Kings Canyon property and
the adjacent Crown claim block. One hundred (100) of these holes were drilled on the
Crown property by Crown, mainly within the gold mineralized zone and its immediate
vicinity. Of the 45 holes on the Genesis Gold Kings Canyon property, 24 were drilled by
Crown and 21 by Battle Mountain to test for the extension of the mineralized zone and to
test other targets. Assay results are not available for the Battle Mountain drill holes, but a
Crown report indicates that at least one of the Battle Mountain holes returned strongly
anomalous gold values. No follow-up drilling has been conducted around this drill hole.
Crown also noted that Battle Mountain used wet drilling techniques that may have
resulted in lost gold in the fines.
It is significant to note that the previous explorers apparently failed to recognize

important controls of the gold mineralization. Carlin-type deposits are controlled by a
combination of structure and stratigraphy. Faults, commonly very steeply dipping, guide
ore-bearing fluids which react with favourable stratigraphy to form ore-bodies. The
feeder faults themselves and their intersections with cross-faults commonly host higher
grade gold mineralization. On the Crown property, and by inference on the Kings
Canyon properties, the host stratigraphy is a 100-foot (30.5-meter) thick section of the
Simonson Dolomite, the top of which is 100 feet (30.5 meters) below the contact with the
overlying Guilmette Limestone. The feeder fault is apparent in outcrop and strikes
N63ºW and dips 80º to the northeast. While this fault was recognized by Crown, it
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appears that they made no attempt to target it in drilling for higher grades, nor did they
recognize any cross-faults, although such faults likely exist. More importantly, Crown
did not appear to locate other faults identical to the feeder fault elsewhere on the
property. Such faults are strongly indicated to exist based on the work of Genesis Gold
geologists. In many areas, these faults trend into locations where the target stratigraphy
is shallower than at the Main Discovery area.
Continued work on the Kings Canyon property is strongly recommended to further define
gold targets, then to subsequently test these targets with drilling. A Phase I exploration
program, requiring US$59,000 in expenditures, would involve additional geologic
mapping, rock sampling, a soil program and Bulk Leach Extraction of Gold (“BLEG”)
sampling to better define faults and stratigraphy and their geochemical expression.
Targets would exist in those areas into which favorable structures can be defined or
projected and where the top of the Simonson Dolomite exists at reasonable depths,
initially indicated by the known geologic setting to be less than 100 feet (30 meters). The
Phase I program would also involve the acquisition of a larger land position. An
exploration agreement should be made for the adjacent Crown property.
Dependent upon a successful outcome of the Phase I program, a Phase II program,

requiring an expenditure of US$227,000, would involve drill testing of the targets defined
during Phase I. Approximately 10 targets would be drilled with approximately 4 reverse
circulation holes each. The majority of the drill holes would average approximately 300
feet (90 meters) in depth, with an occasional drill hole penetrating up to 800 feet (245
meters) deep.
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1.0 INTRODUCTION AND TERMS OF REFERENCE
1.1 GENERAL
Mr. George S. Young, President and a Director of Palladon Ventures Ltd. (“Palladon”)
commissioned this report on the Kings Canyon exploration properties, Millard County,
Utah, U.S.A. This report is written to the requirements and standards of disclosure for
mineral projects as stated in National Instrument 43-101. This report is based on a
compilation of published and unpublished geologic and geophysical data, maps and
reports compiled from private, academic and government sources by the author.
1.2 CURRENCY AND UNITS OF MEASUREMENT
Unless otherwise specifically stated, the U.S. system of measurements is used in this
report. Precious metal values are reported in ounce (oz) per ton, unless stated otherwise.
The US$ is utilized as the monetary unit except where otherwise indicated. Conversion
factors as well as common abbreviations used in this report are as follows:
Linear Measure
1 inch = 2.54 centimeters

1 foot = 0.3048 meter
1 yard = 0.9144 meter
1 mile = 1.609 kilometers
Area Measure
1 acre = 0.4047 hectare

1 hectare = 2.471 acres
1 square mile = 640 acres or 259 hectares or 2.590 sq. km
Units of Weight
1 short ton = 2000 pounds or 0.893 long tonne

1 long tonne = 2240 pounds or 1.12 short tons
1 metric tonne = 2204.62 pounds or 1.10 short tons
1 pound (16 oz) = 0.454 kilograms or 14.5833 troy ounces
1 troy oz = 31.103486 grams
1 troy oz per
short ton = 34.2857 grams per metric ton
1 troy oz per
long ton = 30.6122 grams per metric ton
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Analytical percent grams per troy oz per

Values metric tonne short ton
1% 1% 10,000 291.667
1 gram/tonne 0.0001% 1 0.0291667
1 troy oz/short ton 0.003429% 34.2857 1
10 ppb 0.00029
100 ppm 2.917
Temperature Conversion Formulas
Degrees Fahrenheit = (ºC x 1.8) + 32

Degrees Celsius = (ºF – 32) x 0.556
Frequently Used Abbreviations
AA atomic absorption spectrometry

Ag silver
As arsenic
Au gold
ºC degrees Celsius (centigrade)
cm centimeter
Cu copper
F fluorine
ºF degrees Fahrenheit
g gram(s)
Hg mercury
kg kilogram
km kilometer
m meter(s)
Mn manganese
my million years
NSR net smelter return
oz troy ounce
oz/ton ounce per short ton
oz/tonne ounce per metric tonne
Pb lead
ppb parts per billion
ppm parts per million
sq square
Sb antimony
Tl thallium
Zn zinc
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2.0 DISCLAIMER
This technical report was prepared by Mr. R. H. Russell, M.Sc. Geology, Licensed
Geologist in the State of Washington (#205), USA. Mr. John Zimmerman, M.Sc.
Geology of Genesis Gold Corporation (“Genesis Gold”), prepared most of the
illustrations and provided geologic data and first-hand knowledge of the Kings Canyon
properties. This report was commissioned by Mr. George S. Young on behalf of
Palladon. Mr. Russell has over 36 years experience in the mining industry, including
mineral exploration, mine development, reserve estimation, economic evaluation and
modeling, and Mr. Russell has extensive exploration and development experience in the
Great Basin and Nevada. Mr. Zimmerman has a M.Sc. degree in geology from the
University of Arizona and over 25 years experience as a geologist, mostly in the field of
gold exploration in Nevada.
Mr. Russell visited the Kings Canyon properties on June 16, 2004, and is relying on
knowledge obtained on that examination and the information provided to him by
Palladon and Genesis Gold, including a Crown report on their Kings Canyon Project
prepared by James R. Shannon and Micheal J. Drinkard (October 13, 1992). The Crown
report summarizes the results of their work program in a 120 square kilometer area that
includes the Genesis Gold Kings Canyon properties. Additional descriptions and
interpretations of the geology and mineral deposits of the area are taken largely from
published scientific papers, public records, studies prepared and written by qualified
persons, or by professional people employed by companies that performed the work prior
to the time the designation of “qualified person” was in use. It is believed that the
information and data contained herein are accurate and reliable.
It was not within the scope of this report to examine in detail or to independently verify
the legal status or ownership of the mineral property. Genesis Gold and Palladon have
provided information concerning the status of the mineral property. The author reviewed
the relevant documents and has no reason to believe that ownership and status are other
than as has been represented, but determination of secure mineral title is solely the
responsibility of Palladon, and a full mineral title audit is strongly recommended as a
normal course of due diligence.
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3.0 PROPERTY LOCATION, ACCESS AND DESCRIPTION
Palladon entered into an option agreement May 7, 2004 (amended July 9, 2004) to
acquire a 100% undivided interest from Genesis Gold in five exploration properties,
including the Kings Canyon exploration properties, located in an unnamed mining district
in western Millard County, Utah, U.S.A. Palladon is earning the undivided 100% interest
in the property, subject to a 2% Net Smelter Return (“NSR”) to Genesis Gold and a 1%
NSR on encumbered property, by issuing 2 million common shares to Genesis Gold over
four years.
The Kings Canyon properties cover an area totaling approximately 2,160 acres (8.74
square kilometers or 847 hectares). The property is composed of a total of 76 unpatented
mining claims and one Utah State Trust Lands lease, 55 claims and the State lease
(Section 16) along Highway 50 in the Main Area in Sections 8,9,10,15 and 17, T20S,
R16W (1740 acres or 704 hectares). Ten miles (16 kilometers) to the south-southwest, 21
claims cover the New Butte prospect (420 acres or 170 hectares) in Sections 31 and 32,
T21S, R16W.
The property area is located in western Millard County in western Utah, approximately
(152 miles (245 kilometers) southwest of the capital city of Utah, Salt Lake City (Figure
1). The greater property boundaries are irregular and non-contiguous but are
encompassed within an area with UTM coordinates (Zone 12N, NAD27) of:
TABLE 3.1
Main Area UTM
Corner Y (meters) – Easting X (meters) - Northing
NW 268800 4329213
NE 272555 4329213
SW 268800 4326752
SE 272555 4326752
TABLE 3.2
New Butte UTM
Corner Y (meters) – Easting X (meters) - Northing
NW 266800 4315000
NE 268700 4315000
SW 266800 4313600
SE 268700 4313600
3.1 MINERAL DISPOSITION
The Kings Canyon project consists of one state of Utah State Trust Lands lease and 85
unpatented mining claims, as follows:
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TABLE 3.3
Kings Canyon Land
Property Name Identification Number
Claims KC 10 to KC 26 BLM # UMC 370813-370829
Utah State Lease Metalliferous Minerals 48946
Claims KC 27 to KC 64 BLM # UMC 371804-371841
Claims KCB 100-104, 200-205, 299-305, BLM # UMC 371842-371862
399-401
The town of Delta is located approximately 2 hours drive along highways from Salt Lake
City. From Delta, the property is a 1 hour drive west on Highway 50. Different parts of
the property are accessible by a series of generally good roads and jeep trails.
The State of Utah School and Institutional Trust Lands Administration manage the state
mineral lease property tenure. An initial mineral lease is granted for a period of ten years
and as long thereafter as leased substances (which include gold and silver) are produced.
The mineral lease is subject to a 4% royalty less processing and refining costs. Annual
rent is $1.00 per acre or $640.00 for the Genesis Gold lease. The initial ten year Utah
State lease for the Kings Canyon property, granted to Genesis Gold, was approved by the
School and Institutional Trust Lands Administration on June 19, 2002. The Utah State
Lease is presented in Appendix II.
3.2 LEGAL SURVEY
The unpatented claims in the Main project area or the New Butte prospect have not been
legally surveyed.
The staked property consists of 76 United States Federal unpatented mining claims. Each
individual claim is 1,500 feet (457 meters) long by 600 feet (182 meters) wide with four
corner posts and one location monument. All the claims are located by 2-inch x 2-inch
(5.1 x 5.1-centimeter) wooden monuments about 4.5 feet (1.4 meters) high, properly
marked. The Kings Canyon claims were recorded as appropriate in Millard County,
Utah, and were filed with the U.S. Bureau of Land Management (“BLM”) along with the
payment of any appropriate fees. The claims are held by payment of annual rental fees to
the BLM before September 1 of each year and by the filing of a Notice of Intent to Hold
Mining Claims in Millard County, Utah. No legal land survey is required to hold the
unpatented claims.
3.3 ENVIRONMENTAL AND PERMITTING
The Main project area and the New Butte prospect are not subject to any known
environmental liabilities. The Main area and the New Butte prospect are both adjacent to
a Wilderness Study Area (“WSA”) established in 1986 (Figure 4). The final disposition
of the WSA is still pending; however, since the establishment of the WSA, mineral
exploration has been ongoing, including the drilling of 145 reverse circulation drill holes
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between 1989 and 1992. No difficulties in permitting drilling or other exploration

activities are anticipated.
Prior to commencement of any surface disturbance, Palladon must obtain documents

from the BLM office in Fillmore, Utah which permits exploration activities such as
trenching, drilling, or construction of new roads. Palladon must also post a reclamation
bond prior to performing any surface disturbance on the property; however, no
Environmental Impact Statement (“EIS”) is needed to conduct such work in the district in
which the property is located. Generally, a period of two months should be allowed for
permit application, preparation and approval.
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4.0 PHYSIOGRAPHY, INFRASTRUCTURE AND CLIMATE
The Kings Canyon property is located in west-central Utah approximately 152 miles (245
kilometers) southwest of the capital city of Salt Lake City in terrain typical of eastern,
high-desert Basin and Range topography. The town of Delta is located approximately 2
hours drive along highways from Salt Lake City. From Delta, the property is a one hour
drive west on Highway 50. The center of the property is approximately 25 miles (40
kilometers) east of the Nevada/Utah border. The property has approximately 25% overall
bedrock exposure with most hillsides and ridge-tops consisting of 50% to 100%
exposure. Vegetation consists of scattered juniper trees, sagebrush, and grasses.
Previous drilling indicates the overburden thickness to range from zero to at least 495 feet
(150 meters) on the west side of the range-bounding fault. An incomplete set of drill logs
indicates maximum overburden thicknesses of 50 feet (15 meters) within the majority of
the property. Several drainages transect the property, but are dry under almost all
conditions. Elevations on the property range from 5,970 feet (1,820 meters) above sea
level at the valley bottoms to 6,822 feet (2,080 meters) above sea level along the
ridgeline on the northeast portion of the Main property area.
The center of the Main property is approximately 60 miles (100 kilometers) from Delta,
Utah, a community of approximately 3,000 people with retail and service suppliers, a
small airport, golf course, hospital, police and other facilities. Train lines and a network
of interstate highways provide excellent transportation infrastructure throughout the state.
Grid electrical power is not available on the property, but modern power transmission
lines service is available nearby at Stateline on the Nevada border.
The mean annual precipitation ranges from 2 to 8 inches (5 to 20 centimeters), most of

which falls in the form of snow between December and March, or rain from summer
thunderstorms. The seasonal temperatures range from 10°F to 50°F (-12C to 10C) in
winter months and from 50°F to 100°F (10C to 38C) in summer months. Exploration and
mining can be conducted in the region on a year-round basis.
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5.0 HISTORY
The section of land held by Genesis Gold with the State of Utah (Section 16) was
previously held by a Utah family of prospectors, the Steele family. Areas currently held
in Genesis unpatented claims were previously held by Crown or the Steele family.
Genesis Gold holds the Kings Canyon property as the sole and beneficial owner with
good and marketable title subject only to the paramount title of the United States of
America, and has the authority and capacity to convey a 100% undivided interest in the
property to Palladon. The number and location of claims that may have been present
prior to those held by Crown or the Steele family is not known. However, under the title
laws of the United States of America, had there been any prior claimants, any mineral or
surface rights to the ground that prior claimants may have held, and is now held by
Genesis Gold, are now null and void. As a result, the Kings Canyon property is believed
to be unencumbered by any claim ownership prior to Genesis Gold.
5.1 PREVIOUS WORK
Known exploration in the Kings Canyon vicinity began in 1983 when Noranda explored
an area of jasperoids in the Confusion Range several miles south of the current Main area
of the Kings Canyon claim block. Others to explore this area include Echo Bay, Gold
Star Exploration, and Crown Resources.
Records of exploration work on and around the property date to 1989 when Battle
Mountain Gold (“Battle Mountain”) leased the state section and several surrounding
unpatented claims from the Steele family. Battle Mountain completed 18 holes in 7,700
feet (2,348 meters) of drilling, collected 128 rock samples, 143 soil samples, and
conducted IP/Resistivity, VLF/Resistivity, and VLF/EM geophysical surveys. Battle
Mountain expended approximately $200,000 on the project and reported encouraging
results, but dropped the property in 1992, citing budgetary problems. None of the data
from the Battle Mountain work are available to the author, and it is not certain how much
of their work was conducted on the current Genesis Gold/Palladon property.
Crown subsequently conducted a much larger program over a much larger area. Crown
expenditures on this larger project area exceeded $1,600,000. More than 3,000 rock, soil
and stream sediment samples were collected and analyzed in their project area. Crown
drilled 156 holes as of September 24, 1992, for a total of 81,640 feet (24,890 meters) of
drilling. Geophysical surveys, including magnetometer, VLF and Controlled Source
Audio-Frequency Magneto-Telluric (CSAMT) were conducted, totaling approximately
131,600 linear feet (40 line kilometers) of survey work. Special studies that have been
conducted include extensive petrography, geochemical studies, orientation surveys,
topographic fracture analyses and preliminary metallurgical leach tests (Shannon and
Drinkard, 1992). None of the detailed data from these studies are available to the author;
however, a summary report written by Shannon and Drinkard (1992) of Crown Resources
is available. It is not known how much of this previous work has been conducted on the
ground now held by Genesis Gold/Palladon.
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6.0 GEOLOGIC SETTING
All of western Millard County, in which the Kings Canyon property is located, is
within the Great Basin subdivision of the Basin and Range physiographic province of
the western United States, as defined by Fenneman in 1946 (in Hintze and Davis,
2003). Up to approximately 200 million years ago, Millard County was located on a
continental shelf upon which a pile of predominately Paleozoic, fossil-bearing,
shallow marine sediments more than 6 miles (10 kilometers) thick had slowly
accumulated. During Jurassic time, tectonic forces in western Nevada, centered along
the juncture of the North American continental plate and the Pacific Ocean basin
plates, started a series of major geologic events that produced much of Millard
County's present landscape. The area was successively covered by Jurassic sand
dunes, subsequently locally intruded by Jurassic granite, folded and faulted into a
now-vanished Cretaceous mountain belt (Sevier Orogeny of Armstrong, 1968),
covered by lava and ash from Eocene and Oligocene eruptive centers in eastern
Nevada and western Utah, and then dissected by Basin and Range faults, beginning
approximately 17 million years ago, that created present valleys and mountains.
Finally, between 20,000 and 12,500 years ago, the area was mostly covered by fresh-
water Lake Bonneville, which left shorelines and the remnant Sevier Lake (Hintze
and Davis, 2003).
The Basin and Range Province is a descriptive title for the alternating valleys and
north-trending mountain ranges that typify the topography between central Utah,
across most of Nevada, and up to the Sierra Nevada Mountains (Figure 1), the
western boundary of the province. Because the block-faulting that created the present
Basin and Range topography did not begin until about 17 million years ago, the basins
are now mostly filled with sedimentary and volcanic deposits that are all geologically
quite young as compared to the older rocks which they cover. Prior to block-faulting
the older bedrock had been folded and thrust-faulted, creating an uneven topography
that is now concealed at the bottom of the basins. Some basins subsided more than
others and accumulated thicker deposits (Hintze and Davis, 2003).
The name Confusion Range first appeared on the Wheeler Survey topographic maps
of 1872 and 1873. Confusion probably comes from the sprawling gray ridges of
folded middle and upper Paleozoic rocks that erosion has formed into many look-
alike vistas readily confused with one another (Hintze and Davis, 2003). The
general structure is synclinorial, with the oldest rocks exposed on the east and west
flanks; the highest part of the Confusion Range is around King Top (8,350 feet or
2,545 meters) where resistant Upper Ordovician, Silurian, and Devonian strata form
high cliff lines. The axis of the synclinorium contains rocks as young as early
Triassic. Overturned folds and thrust faults (Figure 5) abound in the thick Permian
stratigraphic section, and the Mississippian Chainman Shale is commonly
structurally attenuated (Hose, 1977). Many normal faults of small displacement and
indeterminate age offset many of the folds in the range. However, the Confusion
Range shows no major normal faults of typically large Basin and Range-type
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displacement except in its southeastern sector between Kings Canyon and Crystal
Peak (Hintze and Davis, 2003).
6.1 REGIONAL GEOLOGY
The Kings Canyon Property lies in the central part of the Confusion Range. Immediately
to the west is the Snake Range Metamorphic Core Complex, which has received much
attention in literature and related studies, particularly concerning structural features
relating to formation of the core complex. The Confusion Range lies on the eastern
hanging wall of the Snake Range metamorphic core complex, resulting in a profound
structural difference when compared to that of surrounding ranges (Hose, 1977). This
difference is manifested by the north-south trending Confusion Range structural trough,
or synclinorium of Hose (1966), which is nearly 60 miles long and up to eight miles wide
(Figure 3). This difference is also likely related to the affects of the Kings Canyon Thrust
(Figure 5), as defined by Hintze and Davis (2003).
Approximately 36,000 feet of generally conformable Upper Precambrian (not exposed)

through Lower Triassic clastic and carbonate rocks underlie the Confusion Range. Brittle
deformation typical in the upper plates of metamorphic core complexes has affected
rocks underlying the Confusion Range; however, little or no attenuation has occurred,
leaving the section reasonably intact (Hose, 1977). Rocks of the Precambrian McCoy
Creek Group, dated at approximately 1.4 billion years, crop out at 13,063 feet on the top
of Wheeler Peak in the Snake Range. McCoy Creek Group rocks are more than 30,000
feet beneath the present surface (Hose, 1977). To the east, rocks underlying the House
Range are mainly Lower to Middle Cambrian in age and relatively unaffected by
structural deformation related to the Snake Range metamorphic core complex.
Prior to Crown's work in the area, no intrusive rocks were known to exist in the
Confusion Range, although nearly all ranges in the surrounding vicinity do contain
sizable areas underlain by intrusive rocks of varying ages. On the west side of the
Confusion Range, two small dikes and breccias containing clasts of altered intrusive rock,
along with a large, weak magnetic anomaly in the eastern Ferguson Desert a little farther
to the west, indicate the possibility of a deeply buried intrusive, possibly the source of
mineralization on at least some parts of the Kings Canyon property. A correlation
between gold and fluorite has been noted in mineralization associated with Mesozoic
equigranular granodiorites present in the central Snake Range in lower plate rocks of the
core complex. A similar empirical correlation is noted in mineralized areas of the Kings
Canyon property (Zimmerman, 2003).
Decollement style, younger-over-older, detachment faults are common in some parts of

the Confusion Range. Although related to formation of the Snake Range metamorphic
core complex in a broad regional sense, Hose (1977) details their origin from related
isoclinal and recumbent folds as resulting from large blocks sliding into the center of the
Confusion Range structural trough. Some mapped thrust faults are of the older-over-
younger type, and related to east-directed thrusting during the Laramide and Sevier
Orogenies. The Confusion Range is in the foreland of the Sevier thrust system and, as a
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result, many imbrications are present. An exploratory oil and gas well drilled near King
Top in the south-central portion of the range to a depth of 12,125 feet encountered a
probable duplication of the Silurian-Devonian part of the section in the upper 3,500 feet
of the drill hole (Shannon and Drinkard, 1992).
Transition from a predominantly compressional structural regime to a predominantly

extensional regime, Basin and Range Orogeny, occurred sometime after the Early
Oligocene. Gently dipping tuffs of the Needles Range Group (36 to 29 my), erupted
from the Indian Peak/White Rock caldera complex to the southwest, unconformably
overlie Paleozoic and Mesozoic carbonate rocks. These volcanic units are then cut by
Basin and Range normal faults in parts of the Confusion Range and surrounding areas
(Shannon and Drinkard, 1992).
Jasperoid-hosted gold mineralization in the vicinity of Kings Canyon is found over a

relatively large area. Crown located and sampled anomalous jasperoid in an
approximately 60 square-mile of area (Shannon and Drinkard, 1992). The age of this
mineralization can be estimated as likely older or syntectonic with Basin and Range
faulting, as clasts of jasperoid and altered intrusive rock are contained in a north-south
trending range front fault. The Notch Peak intrusive in the central House Range to the
east has been dated as Jurassic in age, and aeromagnetic data indicate that it may extend
to the southwest beneath Tule Valley, toward Kings Canyon. Mineralization on the
eastern and northeastern parts of the property may be related to this event or other as yet
undetected, deeply buried intrusives (Shannon and Drinkard, 1992; Zimmerman, 2003).
6.2 STRATIGRAPHY
The primary host for the gold mineralization at Kings Canyon is the Devonian Simonson
Dolomite, a gray to brown dolomite, up to 700 feet thick (213 meters) in the Confusion
Range (Hintze and Davis, 2003). Gold mineralization occurs in the overlying Guilmette
Formation, and jasperoids with anomalous gold occur in the underlying Sevy Dolomite
(Shannon and Drinkard, 1992). There may be other stratigraphic units, specifically the
Mississippian/Devonian section, which may have unrealized economic potential. Only
subsequent regional exploration will determine this. The Devonian,
Devonian/Mississippian and Mississippian stratigraphic sections are described in more
detail below.
6.3 DEVONIAN ROCKS
Devonian strata are widely exposed in western Millard County where they are more
than 5,000 feet (1,525 meters) thick. They are absent in central Millard County,
having been removed by erosion during Late Mesozoic time from an uplifted area
termed the Sevier arch by Harris (1959; Hintze and Davis, 2003).
Except for the Sevy Dolomite, fossils are common in the Devonian rocks of western
Millard County. Stromatoporoids, indicating a biohermal or reef environment, are
probably the most readily identifiable fossils in the Simonson and Guilmette Forma-
14
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tions. They come in two shapes, the most common form looks like tangles of string, and
a larger form that looks like fossilized brussels sprouts (Hintze and Davis, 2003). The
latter has attracted the interest of petroleum geologists, because in Alberta, Canada, this
kind of stromatoporoid forms porous reef rocks containing oil. Certain horizons in the
Middle and Upper Devonian strata bear corals, brachiopods, bryozoans, and
cephalopods that have been used in the past as guides to the age of Devonian rocks
(Hintze and Davis, 2003).
6.3.1 Sevy Dolomite (Dsy)
The Sevy Dolomite was named in 1935 by T.B. Nolan in the Deep Creek Range of
western Utah in western Juab County. Osmond (1954, 1962) described its extent
throughout 100,000 square miles (259,000 sq kilometers) in Nevada, Utah, California
and Idaho, where it apparently unconformably overlies Silurian dolomite and is
overlain by middle Devonian dolomite (Hintze and Davis, 2003). The Sevy Dolomite is
easily recognized in Millard County by its uniform light-gray color, regular bedding in
beds up to approximately 2.0 feet (0.6 m) thick, and the fine-grained faintly laminated
texture of the unit. In its uppermost part it includes scattered thin horizons of rusty-
weathered, frosted quartz sand grains of wind-blown origin that commonly float as thin
seams or individual grains in the dolomite matrix (Hintze and Davis, 2003).
Osmond (1954) described a 1,600-foot (488-meter) thick measured section of Sevy

Dolomite neat- U.S. Highway 50 at the head of Kings Canyon, and this has become
the standard reference section (type section) for the Sevy Dolomite in western Millard
County. Here, the formation appears to be nearly unfaulted. However, detecting
faults within the unit is difficult because the formation is so homogeneous that faults
within the unit may go unnoticed. Hose (1966) summarized the lithologic content of
the Sevy Dolomite in the southern and central Confusion Range and gave 1,300 feet
(396 meters) as a representative thickness there (Hintze and Davis, 2003).
6.3.2 Simonson Dolomite (Ds)
The Simonson Dolomite was also named by T.B Nolan in 1935 for exposures in the
Deep Creek Range. Again, Osmond (1954) detailed lithologic aspects and petroleum
potential of the Simonson from a score of measured sections in western Utah and
eastern Nevada. Osmond's description of the Simonson at the head of Kings Canyon
near U.S. Highway 50 has become the type section for the Simonson Dolomite in
western Millard County. Osmond recognized four informal members of regional
extent within the Simonson Dolomite: (1) a basal, tan, coarsely crystalline, cliff-
forming dolomite, 59 feet (18 meters) thick at Kings Canyon; (2) a lower alternating
gray- and brown-striped, heterogenous dolomite 582 feet (177 meters) thick at Kings
Canyon; (3) a brown, cliff-forming, biostromal dolomite, 49 feet (15 meters) thick at
Kings Canyon; and (4) an upper alternating gray- and brown-striped, heterogenous
member, 239 feet (73 m) thick at Kings Canyon (Hintze and Davis, 2003).
15
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Hose (1966) summarized Simonson stratigraphy in the Confusion Range in Millard

County and noted that the Simonson thins northward averaging about 660 feet (200
meters) thick. Hose (1966) noted that the brown cliff-forming member averages about
40 feet (12 meters) thick and contains abundant gastropods, cephalopods,
stromatoporoids, and sparse brachiopods in its upper part. The upper alternating
member averages about 200 feet (61 meters) thick in the northern Confusion Range.
The Simonson Dolomite is about 660 feet (200 meters) thick in the Burbank Hills,
540 to 700 feet (165 to 213 metes) thick in the Confusion Range, and 185 feet (56
meters) thick in the southern Pahvant Range (Hintze and Davis, 2003).
6.3.3 Lower Guilmette, Simonson And Sevy Equivalents, Undivided
Millard (1983) reported a thickness of about 2,720 feet (830 meters) for a light-gray
sequence of Devonian dolomites, which he called "Sevy" on the northeast side of the
Canyon Mountains. This thick sequence of Sevy-like dolomites probably includes the
temporal equivalents of the Sevy, Simonson, and lower Guilmette Formation, but the
sequence is unfossiliferous. The overlying 774 feet (236 meters) of brown sugary
dolomite is probably equivalent to the upper part of the Guilmette Formation of
western Millard County (Hintze and Davis, 2003).
6.3.4 Guilmette Formation (Dg)
The Guilmette Formation was named by Nolan in 1935 in the course of his
stratigraphic studies of the Deep Creek Range, and the name has since been widely
applied to 2,000 to 3,000 feet (600 to 900 meters) of dolomite, limestone, and, in its
upper part, sandstone, in western Utah and eastern Nevada. Geologic mappers have
subdivided the Guilmette locally into informal members, some of which are thick
enough to show on the various geologic maps of Millard County. Because these
members are restricted in their occurrence, the subsequent discussion deals with them
separately (Hintze and Davis, 2003).
In the Confusion Range Hose (1966) recognized four unmapped units within the
Guilmette near Little Mile-and-a-Half Canyon, in ascending order:
1. A basal 650 feet (198 meters) of dark-gray, fine-grained limestone that is

locally a breccia formed by solution collapse at some point before or during the
deposition of the overlying Guilmette units.
2. A 700-foot (213-meter) thick, dark-gray, locally mottled and argillaceous,

thin- to medium-bedded limestone that includes some dolomite beds.
3. An 800-foot (244-meter) thick sequence of fine- to medium-grained, medium-

to dark-gray dolomite that weathers light olive gray to brownish black and includes a
few beds of light-gray coarse-grained dolomite.
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4. 450 feet (137 meters) of mostly thin-bedded, medium-gray limestone that

includes beds of dolomite and several beds of brown-weathering quartzite as much as 3
feet (1 meter) thick.
The thickest accumulations of Guilmette Formation in Utah are in the Burbank Hills,
located approximately 20 miles (32 kilometers) southwest of the Main area of Kings
Canyon property, where the formation has been divided into a lower breccia member,
middle member, and West Range Limestone Member. The lower member of the
Guilmette is a limestone breccia 330 to 660 feet (100 to 200 meters) thick and is
similar to the basal breccia described in the Confusion Range. The lowest 300 feet
(91 meters) of the middle member include a basal 150 Feet (46 meters) of thick-
bedded, dark-gray dolomite that contains sparse silicified brachiopods, overlain by
150 feet (46 meters) of silty, red-weathering, thin-bedded, slope-forming dolomite
that includes a few ledges as much as 2 feet (0.6 meter) thick of dark-gray dolomite.
The base of the Guilmette Formation is not exposed in the Mountain Home Range,
and mapping in the Wah Wah Mountains has defined only two subdivisions of the
Guilmette Formation in this range, as well as the undivided Guilmette (Hintze and
Davis, 2003).
6.4 DEVONIAN/MISSISSIPPIAN ROCKS
6.4.1 Pilot Shale
The Pilot Shale was named by Spencer in 1917 for exposures in the Ely (Robinson)
district, Nevada, and the unit has subsequently been identified in many parts of
central and eastern Nevada and western Utah. In western Millard County, the Pilot
Shale is found in the Mountain Home Range, Burbank Hills and the Confusion Range,
but does not extend into eastern Millard County. The Pilot Shale was deposited
across the Devonian/Mississippian time line and, in reality, only a small part of the
formation is actually shale. Most of the unit consists of yellow- and orange-
weathering, thin-bedded, silty limestone, with thin interbeds of shale, siltstone,
sandstone, and limestone. It is less resistant than the Guilmette Formation beneath and
the Joana Limestone above, so it forms strike-valleys and covered slopes wherever it
occurs (Hintze and Davis, 2003). It should be noted that rocks at or near the
Devonian/Mississippian age boundary are important ore hosts at the Rain Mine and
Bullion/Railroad district 18 to 25 miles (29 to 40 kilometers) south of the town of
Carlin, Nevada (Abbott, 2003; Abbott and Keith, 1999; Jackson and Ruetz, 1991;
Mathewson, 2001; Mathewson and Beetler, 1998; Thoreson, 1991), and at the Green
Springs gold property (held by Genesis Gold/Palladon), approximately 40 miles (65
kilometers) west of Ely, Nevada (Wilson, Cox and Lance, 1991).
Hose (1966) described Pilot Shale occurrences in the Confusion Range, where it
ranges from approximately 700 feet (215 meters) to as much as 830 feet (250 meters)
thick and consists mostly of siltstone and dolomitic siltstone. Sandberg, Poole and
Gutschick (1980) listed conodont faunas and identified the unconformities within the
Pilot Shale, and Sandberg and others (1989) identified conodonts that show that the
17
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lower member of the Pilot Shale in the Coyote Knolls and the Confusion Range is
equivalent to part of the upper Guilmette Formation, including its West Range
Limestone Member. In the Burbank Hills, southwest of the Kings Canyon property,
the Pilot Shale is 511 feet (156 m) thick (Biller, 1976, plate 1) and is composed
mostly of thin-bedded calcareous siltstone and shale in its lower two-thirds; its upper
one-third is thin-bedded silty limestone and limestone (Hintze and Davis, 2003). It
should be noted that this type of “stratigraphic confusion” is applicable to the
discussion of the partially coeval and economically significant Webb Formation of
north-central Nevada as related to the differentiation of the autochthonous and
allochthonous assemblages of the Roberts Mountains Thrust Fault (Abbott, 2003 and
2004; Iverson, B.G., 1991 and 1992; Mathewson, 2001; Mathewson and Beetler, 1998;
Thoreson, 1991; Russell., 2004).
6.5 MISSISSIPPIAN ROCKS
6.5.1 Pilot Shale
General features of the Pilot Shale were outlined in previously. Sandberg, et al.
(1980) showed that the upper 174 to 197 feet (53 to 60 meters) of the Pilot Shale at
Little Mile-and-a-Half Canyon in the Confusion Range are Early Mississippian
(Kinderhookian) in age on the basis of conodonts. Poole and Sandberg (1991)
indicated that minor erosional unconformities bound the Mississippian portion of the
Pilot both above and below its upper member. The upper member of the Pilot Shale
is overlain by the Joana Limestone (Hintze and Davis, 2003).
6.5.2 Joana Limestone
The Joana Limestone was named by Spencer (1917) after the Joana mine near Ely,
Nevada. Usage of the name has spread throughout western Utah and eastern Nevada
where the formation is a massive, resistant, ledge- and cliff-forming unit between the
underlying slope-forming Pilot Shale and the overlying valley-forming Chainman
Formation. The Joana is the partial equivalent of the Redwall Limestone of the Grand
Canyon area in Arizona and the Monte Cristo Limestone of southern Nevada, and
may or may not be equivalent to part of the Redwall Limestone mapped in the
southern Pahvant Range (Hintze and Davis, 2003).
The Joana Limestone was mapped in the Mountain Home Range by Hintze (1986) and
Hintze and Best (1987) where it is a massive bluish-gray, cliff-forming limestone 460
feet (140 meters) thick. The limestone contains 5 to 10 percent chert nodules that
occur in some lower beds but are most common in the tipper part of the formation.
Olive-gray dolomite is included as mottled zones in about 15 percent of the Joana
beds. About one-third of the Joana in the Mountain Home Range is coarse-grained
bioclastic limestone composed of sand-size fossil debris that includes horn corals and
colonial corals (Hintze and Davis, 2003).
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In the Burbank Hills, the Joana Limestone is 520 to 560 feet (160 to 170 meters) thick
(Hintze, 1997). The basal Joana unit is a calcareous quartz sandstone as much as 16
feet (5 meters) thick. Of the limestone that makes up most of the formation, the
lowest one-fifth is a coarse-grained, bioclastic, massive, medium-gray limestone that
contains as much as 10 percent nodular chert; crinoid, brachiopod, and other
invertebrate fossil debris makes up much of the rock, and both solitary and colonial
whole corals are scattered throughout. The remainder of the Joana, mostly exposed
on the backslope of the Joana hogback, forms alternating ledges and slopes reflecting
the less massive, thick-bedded character of the limestone, and deposition of the Joana
as cyclic repetitions of coarse- and fine-grained clastic limestones (Hintze and Davis,
2003).
6.5.3 Chainman Formation
The Chainman Shale was named by Spencer (1917) from the old Chainman mine, 2
miles (3 kilometers) west of Ely, Nevada, and the name has subsequently been widely
used in eastern Nevada and western Utah. Sadlick (1965), in his study of the
Chainman in western Utah, recommended that, in Utah, because of the heterogeneity
of its component rocks, it is more correct to call the unit a formation rather than a
shale. Sadlick (1965) proposed names for five members of the Chainman Formation
in western Utah, in ascending order: Needle Siltstone Member, Skunk Spring
Limestone Member, Camp Canyon Member, Willow Gap Limestone Member, and
Jensen Member. He designated a type section and presented a detailed measured
section for each member's type section (Hintze and Davis, 2003).
6.6 INTRUSIVE ROCKS
As noted in the Geologic Setting section, no large masses of intrusive rocks have to date
been mapped or observed in the property area or the Confusion Range. On the west side
of the Confusion Range, two small dikes and breccias containing clasts of altered
intrusive rock, along with a large, weak magnetic anomaly in the eastern Ferguson Desert
a little farther to the west, indicate the possibility of a deeply buried intrusive.
6.7 COVER ROCKS
Ash –flow tuffs, conglomerates, lacustrine carbonates, eolian deposits and some basalts
and slide deposits fill the valleys, cover hills and are present at various locations in the
Confusion Range. The thickness of these units may be several hundred feet to over 3,000
feet (915 meters) in some locations (Hintze and Davis, 2004).
6.8 STRUCTURE
Decollement style, younger-over-older, detachment faults are common in some parts of

the Confusion Range. Although related to formation of the Snake Range metamorphic
core complex in a broad regional sense, Hose (1977) details their origin from related
isoclinal and recumbent folds as resulting from large blocks sliding into the center of the
19
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Confusion Range structural trough. Some mapped thrust faults are of the older-over-
younger type, and related to east-directed thrusting during the Laramide and Sevier
Orogenies. The Confusion Range is in the foreland of the Sevier thrust system and, as a
result, many imbrications are present (Hose 1977).
Structure is an important element in the localization of gold deposits in the Great Basin,
especially in north-central Nevada (Teal and Jackson, 2002; J. Jory, 2002; Foo, Hays and
McCormack, 1996: and many others), and is potentially important in the localization of
higher grade gold (greater than 1.5 grams or 0.05 oz/ton) at Kings Canyon. This concept
remains to be thoroughly tested and developed at the Kings Canyon property
(Zimmerman, 2003).
6.9 GEOLOGIC SETTING OF THE KINGS CANYON PROPERTY
6.9.1 Geology
The Kings Canyon property is within a region subjected to Sevier thrusting and later
Basin and Range faulting. Outcrops are dominated by Devonian and Silurian limestones
and dolomites, all of which are potential hosts to ore. A great variety of fracture
orientations are observed in the area offering several potential conduits for mineralizing
solutions, though certain orientations appear to be more favorable than others (Shannon
and Drinkard, 1992).
In Crown’s Main Discovery area and the contiguous Genesis Gold/Palladon property
(Figure 8 and Photograph 1), limestone of the Devonian Guilmette Formation occurs on
the surface and conformably overlies Devonian Simonson Dolomite. Depending upon
topography, the Guilmette Formation is from approximately 100 feet to 300 feet (30 to
90 meters) thick over the Simonson Dolomite. Gold mineralization, reported by Crown
to average 0.015 oz/ton (0.47 grams), occurs in both formations, but is much more
common in the Simonson Dolomite. In the first 200 feet (31 meters) of the Simonson
Dolomite, carbonaceous, often thin bedded and sometimes limey, horizons appear to be
most susceptible to mineralization. These horizons probably contain a fine clastic
component. Clay alteration in the center of the mineralized area complicates
observations about the original nature of the host rock (Shannon and Drinkard, 1992).
Based on limited drill data from Crown, the mineralized body in the Main area has a
stratiform appearance and is relatively flat-lying. Crown reports that there appears to be
a strong structural control to gold mineralization. The gold deposit trends in a west-
northwest direction and the south edge of the deposit is very sharp while, along the
north edge, the mineralization boundary is more irregular and diffused. Trends of the
gold mineralization in the Crown Main Discovery coincide with fracture sets found in
outcrop, which trend N500 to 600W and dip 600 to 850 towards the south (Shannon and
Drinkard, 1992).
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6.9.2 Alteration
Silicification occurs as jasperoid in the Guilmette Formation and Simonson Dolomite.

The most common site for jasperoid formation in the area of Crown gold deposit and at
the New Butte prospect is at or near the Guilmette/Simonson contact. While jasperoid
contains anomalous to potentially ore-grade concentrations of gold, it makes up only a
small percentage of gold in the Main area gold deposit. The bulk of potentially ore-
grade mineralization occurs with argillic alteration in the Simonson Dolomite. This
alteration is marked often by yellow-orange and red clay development as veinlets, and
the alteration of the clastic components in the Simonson. Jasperoid occurs locally
peripheral to higher grade gold zones (Shannon and Drinkard, 1992).
Decalcification probably precedes gold-bearing events and is noted peripheral to and

within the gold zone. Carbonate veining is ubiquitous in most of the Kings Canyon
property at New Butte and in the Main area, but is usually absent in the Main area gold
zone itself. On the surface, alteration in the limestones of Guilmette Formation over
the Crown gold deposit is very subtle and consists of bleaching, decalcification and
solution cavity formation, calcite veining and clay-filled fractures. These features are
also very common elsewhere in the project area related to non-mineralizing events.
Jasperoid is rare in outcroppings over the Crown gold deposit and occurs as fragments
in breccia that probably postdate mineralization. There is very little in the way of
alteration that distinguishes rocks over Crown gold deposit from Guilmette outcrops
elsewhere in the property area (Shannon and Drinkard, 1992).
6.9.3 Structure
Within a district in Nevada, deposits usually are restricted to one or two structural
orientations (Shaddrick, et al., 2001; Madrid and Roberts, 1991). Crown reports that
drill hole information and ground reconnaissance strongly suggest that gold
mineralization in the Crown gold deposit is related to a west-northwest trending
structure, more specifically N600W, 600 to 850S. Gold mineralization occurs in the
footwall. Along the north edge of the deposit are lobes which trend in a north-northeast
direction, suggesting a concentration of mineralization at some structural intersections.
Crown reports that their reconnaissance in other locations in the region emphasized
locating N600 to 30OW fracture sets while not ignoring other structural trends. Crown’s
experience in the area reportedly has been that when a gold-bearing jasperoid
containing barite and fluorite is encountered, sets of N 600W fractures have been found
in the near vicinity. The entirety of the Kings Canyon property area is cut by numerous
structures and fracture sets. Crown reports that gold mineralization is suggested to be
strongest where there is a greater density of fractures and overall width of zones
matching the favorable trend (Shannon and Drinkard, 1992).
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7.0 GEOPHYSICS
Neither Genesis Gold nor Palladon have yet conducted any geophysics over the
property. Shannon and Drinkard (1992) report that Crown Resources conducted a variety
of geophysical surveys over various land holdings, which may or may not include the
Genesis Gold/Palladon properties. The Crown geophysical data were not available to
the author.
The geophysical surveys reportedly conducted by Crown include VLF/magnetics,

magnetics only and CSAMT. Crown reports that any value of the surveys has not yet
been proven in locating jasperoid or other gold mineralization. The surveys do show
structure but, because of the abundance of a variety of structures, the tracing of selected
orientations is usually not possible without a close-spaced grid. Magnetometer surveys
may be useful in detecting magnetite bearing intrusions such as was reportedly
encountered in one drill hole (91-KC-21) in the area of Crown’s gold mineralization.
The CSAMT surveys were run in August and September, 1992, and no discernible
geophysical signature for mineralization was reported (Shannon and Drinkard, 1992).
Without having examined the geophysical data, that author cannot comment on the
accuracy or reliability of the surveys.
22
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8.0 GOLD MINERALIZATION AND GEOCHEMISTRY
8.1 GOLD MINERASLIZATION
Work to date has shown that the mineralization at Kings Canyon fits a disseminated,
sediment-hosted Carlin-type gold deposit model. Features at Kings Canyon that are
consistent with Carlin-type mineralization include: widespread gold-bearing jasperoids,
gold hosted in Paleozoic carbonate-rich sediments, “invisible” or presumably micron-size
gold, lack of quartz veins, apparent fluid control by steep faults, anomalous As, Sb, Hg,
and Ba values, weak to nil base metal values, low silver values, and dominant
argillic/decalicification alteration in Crown’s mineralized zone (Zimmerman, 2003).
Observations made by Crown in the Main project area show that mineralization/alteration
effects, even proximal to the gold deposit, are extremely subtle. Silicification occurs as
jasperoid in the Guilmette Formation and Simonson Dolomite. The most common site
for jasperoid formation in Crown’s gold deposit is in the vicinity of the
Guilmette/Simonson contact. While jasperoid contains anomalous to higher grade
concentrations of gold, it makes up only a small percentage of mineralization in the
deposit. The bulk of higher grade mineralization occurs with argillic alteration in the
Simonson Dolomite 100 to 200 feet below its contact with the Guilmette Limestone. This
alteration is marked often by yellow-orange and red clay development as veinlets and
alteration of a clastic component. Jasperoid occurs locally peripheral to higher grade
zones. Decalcification probably precedes gold-bearing events and is noted peripheral to
and within the ore zone. Carbonate veining is ubiquitous in most of the Kings Canyon
area but is usually absent in the mineralized zone itself. On the surface, alteration in the
Guilmette limestone over the Main Discovery is very subtle and consists of bleaching,
decalcification and solution cavity formation, calcite veining and clay-filled fractures.
These features are also very common elsewhere in the area related to non-mineralizing
events. Jasperoid is rare in outcroppings over the deposit and occurs as fragments in
breccia and as thin “scabs” in and near faults. There is very little in the way of alteration
that distinguishes rocks over the Main Discovery from Guilmette outcrops elsewhere in
the area (Shannon and Drinkard, 1992).
In contrast to the rock alteration, mineralized faults and fractures are abundant and
relatively obvious at Kings Canyon. A fault, herein named the Main Fault, believed to be
at least a major feeder if not the single major feeder fault at the Crowns gold deposit is
well displayed at the surface for a few hundred feet over the western portion of the
mineralized zone (dashed blue line traversing the southwest side of the mineralized zone
in Figure 4). It is displayed as a prominent fracture with one to two inches of white
carbonate gouge/cement. Locally there are thin jasperoid scabs on the limestone
immediately adjacent to the fault surface. Numerous fault surfaces similar in appearance
to the Main Fault have been identified by Genesis Gold on their property. These faults
have various strike orientations, some similar to the Main Fault and others at very
different strikes but all have steep dips. Most significantly, many of these faults host
jasperoid and/or decalcification/argillization and thus appear to have also channeled
hydrothermal fluids. Many of these faults occur or can be projected into areas where the
23
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favourable Simonson Dolomite horizon is at shallower depths than at the Crown gold
deposit (Zimmerman, 2003).
8.2 GEOCHEMISTRY
Crown geologists report that in areas at Kings Canyon where mineralization in the form
of jasperoid has surfaced, the geochemical anomalies are strong and obvious. But, where
mineralization targets are blind, the anomalies can be very subtle. Geochemical
anomalies are very subtle on the surface over Crown’s gold deposit and it is essentially a
blind target geochemically. Rock samples collected over the deposit rarely contain
detectable gold. In blind target areas, anomalous element levels may include: Au > 10
ppb, Hg > 50 to 100 ppb, Sb > 1 ppm, Mn > 100 ppm, Zn > 30 ppm, F > 04% and Ba >
15% (Shannon and Drinkard, 1992; Zimmerman, 2003).
A moderate amount of rock chip sampling (87 total samples) has been recently conducted
by Zimmerman in 2004 and 2005 within the project area. These results are compiled in
Appendix I.
Rock chip anomalies are generally weak in the Main area for all elements. The strongest
gold anomalies all occur in one set of outcrops of abundant jasperoid in the west central
part of the Genesis leased section with values of up 0.495 ppm gold. Elsewhere in the
Main area, the highest values are less than 0.100 ppm gold. Arsenic, mercury, and
antimony values are low and arsenic shows only one value greater than 100 ppm (313
ppm), antimony is above 10 ppm in only 2 samples (maximum of 25 ppm), and mercury
is greater than 1 ppm in two samples (maximum 2 ppm). Silver has a maximum of 2
ppm and is not shown on a figure for the Main area (Zimmerman, 2003). These low
geochemical values do not detract from the potential for new discoveries within the Main
area at Kings Canyon. The gold resource was drilled in an area with extremely low
surface geochemical values: the discovery drill hole was sited near a jasperoid containing
only 16 ppb gold (Shannon and Drinkard, 1992). In addition, the probable feeder fault
for the resource can be traced in outcrop for several hundred feet but shows little surface
alteration, only local scabby jasperoid development that is too sparse to be sampled. It
appears that the hydrothermal fluids in the Main area were generally depleted by the time
they penetrated above the Guilmette/Simonson contact zone.
Rock chip geochemistry is much more anomalous at New Butte. Gold is strongly
enriched, with 28 of 37 samples containing more than 0.100 ppm with a maximum of
4.59 ppm gold. Antimony is also highly enriched, with 23 samples containing more than
10 ppm with a high of 1135 ppm, as well as silver with 27 samples carrying more than 2
ppm with a high of 58 ppm. Arsenic values are subdued with a high of 46 ppm while 23
of the samples contained at least 1 ppm mercury with a high of 6 ppm.
24
____________________________________________________________
9.0 DRILLING RESULTS
Genesis Gold and Palladon have not conducted any drilling on the Kings Canyon
property.
Crown Resources has drilled 156 holes, all reverse circulation drill holes, as of
September 24, 1992, for a total of 81,640 feet (24,890 meters). Additionally, Echo
Bay and Battle Mountain have drilled 39 holes for a total of approximately 16,150
feet (4,923 meters). The detailed results of all of this drilling are not available to the
author. Crown does report (Shannon and Drinkard, 1992) a historical resource in their
Main Discovery area. This resource was not defined using current 43-101 standards.
25
____________________________________________________________
10.0 ADJACENT PROPERTIES
Crowns Resources holds the adjacent property (Figure 6) and the information and data
available for that property have been discussed in previous sections of this report. Based
on information provided to the author by Genesis Gold and Palladon, the author is not
aware of other significant claimants in the immediate area of the Kings Canyon
properties.
26
____________________________________________________________
11.0 SAMPLING METHOD AND APPROACH
Genesis Gold collected a total of 87 surface rock samples from various points on the
Kings Canyon properties (Appendix I). Mr. John Zimmerman, geologist for Genesis
Gold, collected the samples and states that the samples were collected in accordance with
mining industry standards, placed in a standard cloth sample bag, and transported to Elko,
Nevada, to the ALS-Chemex sample preparation facility. ALS Chemex prepared the rock
samples for analysis and shipped the pulps to either Reno, Nevada or Vancouver, British
Columbia, Canada for analysis. Based on the author’s knowledge of Mr. Zimmerman’s
professional credentials and the reputation of ALS Chemex as a premier analytical
laboratory, the author believes that the samples were collected, prepared and analyzed
according to industry standards and the analytical results are accurate and reliable.
27
____________________________________________________________
12.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY
The 87 surface rock samples collected from the Kings Canyon properties were prepared
for analysis by ALS Chemex at their Elko, Nevada sample preparation facility and the
pulps were shipped to either Reno, Nevada or Vancouver, British Columbia, Canada for
analysis. The samples were not out of Mr. Zimmerman’s possession prior to being
dropped off at the ALS Chemex sample preparation facility. Based on the author’s
personal knowledge of the professional methods which ALS Chemex employs to prepare
and analyze samples, the author assumes all necessary security procedures and
precautions were taken to assure quality control and accuracy of the sample results.
28
____________________________________________________________
13.0 MINERAL PROCESSING AND METALLURGICAL TESTING
Shannon and Drinkard (1992) report that Crown Resources conducted preliminary
metallurgical leach tests on gold-bearing material from their Main Discovery area.
The results of the tests are not available. Genesis Gold and Palladon have not
conducted any metallurgical testing on any of the surface rock samples collected from
the Main Area or New Butte prospect or any sample from Kings Canyon.
29
____________________________________________________________
14.0 DATA VERIFICATION
The data collected by companies that have previously explored in the Kings Canyon area,
especially Crown Resources (part of their data are presented in this report) are assumed to
be accurate and reliable, based on the author’s knowledge of those exploration
organizations. Other data for this report have been compiled by the author and provided
to him by Genesis Gold, and includes a field visit to Kings Canyon and New Butte
properties. Mr. John Zimmerman provided data and expertise on behalf of Genesis Gold.
Other data are from published sources. It is therefore the conclusion of the author that all
data pertaining to the Kings Canyon and New Butte properties are accurate and reliable.
30
____________________________________________________________
15.0 HISTORICAL MINERAL RESOURSE ESTIMATES
Crown Resources discovered a mineralized zone, the Main Discovery, reportedly

containing over 200,000 of gold at 0.03 ounces per ton immediately adjacent to the
Genesis Gold main Kings Canyon property. The Crown Resources historic gold
resource estimate does not conform to current 43-101 standards and will need to be
confirmed and appropriate confirmation drilling completed. The author of this
report mentions the historic resource estimate for historical reference only and,
because the author did not perform the resource estimate, does not infer or assert
that the resource estimate was performed under current NI 43-101 guidelines, or
that the historic resource estimate is reliable or accurate.
31
____________________________________________________________
16.0 INTERPRETATION AND CONCLUSIONS
There is a very high potential to discover more gold deposits within the Kings Canyon
project area. Several factors point to this conclusion:
• The known system, as represented by gold-bearing jasperoids, is extremely

large, over 60 square miles. It seems very unlikely that a system this large
distributed over basically identical geologic conditions, contains only one
significant gold deposit. It is likely that this mineralizing system has
produced several more deposits that await discovery.
• Permissive stratigraphy underlies most of the area encompassed by the

jasperoid occurrences.
• Previous efforts were conducted over a relatively short time span with limited
manpower. Note that it took over 20 years of effort by numerous geologists
to begin to recognize the full potential of the Carlin Trend.
• Most significantly of all, it appears that previous explorers largely failed to

recognize the structural control in the system and therefore did not identify
numerous structural targets that have been recently been identified by
Genesis Gold.
Previous workers did recognize some of the ore-controlling faults, most notably the N50º
to 60ºW Main Fault. This fault is the main control on the Crown gold deposit and can be
identified in outcrop. Even though Crown geologists recognized this fault, they failed to
capitalize on its significance, as no angle holes were drilled to target it, the most likely
area to intersect higher grades of gold.
Another fault was recognized to explain the gap between the large northwest extent and
smaller southeast pod of the Crown Gold deposit. The NW fault is apparently both a pre-
mineral feeder, as indicated by the elongation of mineralization along its strike, and a
post-mineral fault producing the gap in the mineralization. This is a significant
observation since it indicates that NW faults helped guide ore fluids and can be targeted
within the Crown gold deposit and in permissive areas elsewhere on the property. Other
NW faults probably explain other apparent northward extensions of the mineralized zone
(Figure 8).
Genesis Gold has identified numerous structures and photolinears, many of which appear
to guide mineralization in the Main area and on the New Butte prospect. Most of these
were first identified from air photos with 1-meter resolution. Many of these were field
verified during reconnaissance mapping on the property (note the numerous orientation
symbols which were measured in the outcrop). Many of the faults display a similar
appearance to the Main Fault: they are commonly narrow (1 to 2 inches or 2.5 to 5
centimeters) planar features with minor and sporadic jasperoid development in and near
them. Their physical similarity to the major ore-controlling fault indicates that they
32
____________________________________________________________
represent viable drill targets, especially at fault intersections and where Simonson
Dolomite exists at relatively shallow depths.
The author believes that there is an outstanding chance to add significantly to the Kings
Canyon gold resource by drilling these targets and others that will be identified with
additional work. These structures have been largely unrecognized and untested even
though they appear to be as strongly mineralized as the Main Fault. While there are no
available geochemical values from any of these faults, it is unlikely that they would be
any less anomalous than the Main Fault. There are strongly anomalous to ore-grade
values in drill holes and jasperoids on or immediately adjacent to the Main property and
on the New Butte prospect. Further, the recognition of the importance of structural
intersections and the targeting of these intersections for drill testing may lead to success
in subsequent exploration programs.
It is anticipated that continued exploration could result in the discovery of one or more
new gold deposits. Many of the target areas identified are in areas where the host rocks
are closer to the surface than at Crowns gold deposit area, which would enhance the
economics with lower stripping ratios. In addition, targeting feeder structures may result
in higher overall grades. Should a program in the current project area meet with success,
it is very likely that even more gold deposits could be discovered in one or more of the
other known mineralized areas within the district.
33
____________________________________________________________
17.0 RECOMMENDATIONS
Continued work on the Kings Canyon property is strongly recommended to further define
gold targets, then to subsequently test these targets with drilling. A Phase I exploration
program, requiring US$59,000 in expenditures, would involve additional geologic
mapping, rock sampling, a soil program and Bulk Leach Extraction of Gold (“BLEG”)
sampling to better define faults and stratigraphy and their geochemical expression.
Targets would exist in those areas into which favorable structures can be defined or
projected and where the top of the Simonson Dolomite exists at reasonable depths,
initially indicated by the known geologic setting to be less than 100 feet (30 meters). The
Phase I program would also involve the acquisition of a larger land position. An
exploration agreement should be made for the adjacent Crown property.
Dependent upon a successful outcome of the Phase I program, a Phase II program,

requiring an expenditure of US$227,000, would involve drill testing of the targets defined
during Phase I. Approximately 10 targets would be drilled with approximately 4 reverse
circulation holes each. The majority of the drill holes would average approximately 300
feet (90 meters) in depth, with an occasional drill hole penetrating up to 800 feet (245
meters) deep. Details of the Phase I recommended budget and Phase II proposed budgets
are as follows:
Table 17.1
Kings Canyon: Recommended Phase I Budget
Item Expense in US$
Geologic Mapping/Compilation: 1 Geo. @ US$365/ Day - 20 Days $7,300
Land Acquisition/Holding Costs $12,000
Permitting & Bonding $20,000
Assays – Rock (30), Soils (380), BLEG (20) @ 35.00/samp $15,050
Food, Lodging, Travel & Vehicle Expenses @ $160/Day – 5 Days $800
Misc. Supplies and Equipment $1,000
Contingency ± 5.0% $2,850
Total $59,000
Table 17.2
Kings Canyon: Proposed Phase II Budget
Item Expense in US$
Drill Supervision: 1 Geo. @ US$365/ Day - 40 Days $14,600
Drill Roads – 3000 Feet (915 meters) @ $3.00/Foot $9,000
Drilling – 13,400 Ft. (4085 meters) @ $10.00/Ft. $134,000
Assays – Drill (2500) @ $20.00/sample $50,000
Food, Lodging, Travel and Vehicle Expenses @ $160/Day – 40 Days $6,400
Misc. Supplies and Equipment $3,000
Contingency ± 5.0% $10,000
Total $227,000
34
____________________________________________________________
Dated this 22nd Day of April, 2005.
___________________________________
Rick H. Russell, M.Sc.,
Licensed Geologist
35
____________________________________________________________
18.0 SOURCES OF INFORMATION
Abbott, E.W., 2003: Technical report on the Pony Creek property, Larrabee district,
Elko County, Nevada, USA, for Mill City International Corporation, 93 p.
Abbott, E.W., and Keith, S.B., 1999: Preliminary geologic and structural analysis of the
Railroad project, Pinyon Range, Elko County, Nevada: Kinross Gold Company internal
report, 52 p.
Armstrong, R. L., 1968: Sevier orogenic belt in Nevada and Utah: Geological Society of
America Bulletin, v. 79 p. 429-458.
CIM, 2000: CIM Standards on mineral resources and reserves. Definitions and
Guidelines. Prepared by the Canadian Institute of Mining, Metallurgy and Petroleum, 25
pages.
Foo, S. T., Hays, Jr., R. C., McCormack, J. K., 1996a: Geology and mineralization of
the Pipeline deposit, Lander County, Nevada, in Coyner, Alan R and Fahey, Patrick L.,
eds., Geology and Ore Deposits of the American Cordillera – Symposium Proceedings:
Reno, Geological Society of Nevada, p. 95-109.
Hintze, L. F., and Davis, F. D., 2003: Geology of Millard County, Utah: Utah
Geological Survey, Bulletin 133, 305 p.
Hintze, L. F., 1997: Interim Geologic map of the Big Jensen Pass Quadrangle, Millard
County, Utah: Utah Geological Survey Open file Report 357, scale 1:24,000.
Hintze, L. F., and Best, M. G., 1987: Geologic Map of the Mountain Home Pass and
Miller Wash quadrangles, Millard and Beaver Counties, Utah, and Lincoln County
Nevada: U. S. Geological Survey Miscellaneous Field Studies Map MF-1950, scale
1:24,000.
Hintze, L. F., 1986: Geologic Map of the Mormon Gap and Tweedy Wash quadrangles,
Millard County, Utah, and Lincoln County Nevada: U. S. Geological Survey
Miscellaneous Field Studies Map MF-1872, scale 1:24,000.
Hose, R. K., 1977: Structural geology of the Confusion Range, west-central Utah: U. S.
Geological Survey Professional Paper 971.
Hose, R.K., and Blake, M.C., Jr., 1976: Geology, Part 1 in Geology and mineral
resources of White Pine County, Nevada: Nevada Bureau of Mines and Geology Bulletin
85, p. 1-35.
Hose, R. K., 1966: Devonian stratigraphy of the Confusion Range, west-central Utah, in
Geological Survey research 1966, Chapter B: U. S. Geological Survey Professional Paper
550-B.
36
____________________________________________________________
Iverson, B.G., 1991: Stratigraphy of Devonian-Mississippian rocks, northern Pinyon

Range, southwestern Elko County, Nevada: M.S. thesis, University of Nevada, Reno, 88
pages.
Iverson, B.G., 1992: Stratigraphy of the northern Pinyon Range, southwestern Elko
County, Nevada, in Trexler, J.H., Jr., Flanigan, T.E., Flanigan, D.M.H., Hansen, M., and
Garside, L.J., eds., Structural geology and petroleum potential of southwest Elko County,
Nevada: Nevada Petroleum Society 1992 Field Trip Guidebook, Reno, Nevada, 96 p.
Jackson, P.R., and Ruetz, J.W., 1991: Geology of the Trout Creek disseminated gold
Deposit, Elko County, Nevada, in Raines, G.L., Lisle, R.E., Schafer, R.W., and
Wilkinson, W.H., eds., Geology and ore deposits of the Great Basin – Symposium
proceedings: Reno, Geological Society of Nevada, p. 729-738.
Jory, J., 2002: Stratigraphy and host rock controls of gold deposits of the northern Carlin
trend in Thompson, T. B., Teal, L., Meeuwig, R.O., eds., Gold deposits of the Carlin
trend: Nevada Bur. of Mines and Geology Bulletin 111, p. 20-34.
Madrid, R. J., and Roberts, R. J., 1991: Origin of gold belts in north-central Nevada,
Extended Abstract.
Mathewson, D.C., 2001: Tectono-stratigraphic setting for the Rain district gold deposits,
Carlin Trend, Nevada, in Shaddrick, D.R., Zbinden, E., Mathewson, D.C., and Prenn, C.,
2001, Regional tectonics and control of ore: The major gold trends of northern Nevada:
Geological Society of Nevada, 2001 Spring Field Conference Proceedings and Field Trip
Guide, Special Publication No. 33, 448 p.
Mathewson, D.C., and Beetler, J., 1998: Discovery history and geology of the NW Rain
And Tess gold deposits, in Kizis, J.A., Jr., ed., Shallow Expressions of Deep, High-Grade
Gold Deposits – Fall 1998 Field Trip Guidebook, Geological Society of Nevada Special
Publication No. 28, p. 107-113.
Nolan, T. B., 1935: The Gold Hill mining district, Utah: U. S. Geological Survey
professional Paper 177, 172 p.
Osmond, J. C., 1954: Dolomites in Silurian and Devonian of east-central Nevada:

American Association of Petroleum Geologists Bulletin v. 38, no. 9, p. 1911-1959.
Poole, F. G., and Sandberg, C. A. 1991: Mississippian paleogeography and conodont

biostratigraphy of the western United States, in Cooper, J. D., and Stevens, C,. H.,
editors, Paleozoic paleogeography of the western United States II: Los Angeles, Pacific
Section, Society of Economic Paleontologists and Mineralogists, v. 1, p. 107-136.
Russell, R.H., 2004: Evaluation of the gold resource on the Pony Creek Property,
Larrabee district, Elko County, Nevada, USA, for Mill City International Corporation, 75
pages.
37
____________________________________________________________
Sadlick, Walter, 1965: Biostratigraphy of the Chainman Formation, eastern Nevada and
western Utah: University of Utah Ph.D. dissertation, 227 p.
Sandberg, C. A., Poole, F. G., and Gutschick, R.C., 1980: Devonian and Mississippian
stratigraphy and conodont zonation of Pilot and Chainman Shales, Confusion Range,
Utah, in Fouch, T. D, and Magathan, E. R., editors, Paleozoic paleogeography of the west-
central United States: Denver, Rocky Mountain Section, Society of Economic
Paleontologists and Mineralogists, p. 71-79.
Shaddrick, D.R., Zbinden, E., Mathewson, D.C., and Prenn, C., 2001: Regional
tectonics and control of ore: The major gold trends of northern Nevada: Geological
Society of Nevada, 2001 Spring Field Conference Proceedings and Field Trip Guide,
Special Publication No. 33, 448 p.
Shannon, J. R., and Drinkard, M. J., 1992: Kings Canyon project, Millard County,
Utah: Crown Resources internal report, 51 p.
SME, 1999: A Guide for reporting exploration information, resources, and reserves.
Report of working party #79, society for Mining, Metallurgy and Exploration, Inc., 17
pages.
SME, 1992: A Guide for Reporting Exploration Information, Resources, and Reserves.
Report of Working Party #79, Society for Mining, Metallurgy and Exploration, Inc., 10
pages.
Spenser, A. C., 1917: Geology and ore deposits of Ely, Nevada: U. S. Geological
Survey Professional Paper, 96, 189 p.
Teal, L., and Jackson, M., 2002: Geologic overview of the Carlin trend gold deposits in
Thompson, T. B., Teal, L., Meeuwig, R.O., eds., Gold deposits of the Carlin trend:
Nevada Bur. of Mines and Geology Bulletin 111, p. 9-19.
Thoreson, R.F., 1991: Geology and gold deposits of the Rain subdistrict, Elko County,
Nevada, in Raines, G.L., Lisle, R.E., Schafer, R.W., and Wilkinson, W.H., eds., Geology
and ore deposits of the Great Basin – Symposium proceedings: Reno, Geological Society
of Nevada, p. 635-642.
Wilson, W. R., Cox, J. W., and Lance, D. L., 1991: Geology and geochemistry of the
Green Springs Gold Mine, White Pine County, Nevada: in Raines, G.L., Lisle, R.E.,
Schafer, R.W., and Wilkinson, W.H., eds., Geology and ore deposits of the Great Basin –
Symposium proceedings: Reno, Geological Society of Nevada, p. 687-700.
Zimmerman, J. E., 2003: Exploration potential of the Kings Canyon project area: A
preliminary assessment: Genesis gold internal document, 9 p.
38
R. H. Russell
8674 South Littlecloud Road
Sandy, Utah USA 84093-1777
Telephone: 801-942-8609
Fax: 801-453-0180
CERTIFICATE OF QUALIFIED PERSON
I, Rick H. Russell, Geologist, do hereby certify that:
1. I am currently retained as an Independent Consulting

Geologist by:
Palladon Ventures Ltd.
1500 – 409 Granville Street
Vancouver, BC
Canada V6C 1T2
2. I graduated with a Bachelor of Science degree in Geology

from Northern Illinois University, De Kalb, Illinois, in
1966. In addition, I obtained a Masters of Science degree
in Geology from Northern Illinois University in 1969.
3. I am a Licensed Geologist registered with the State of

Washington, No. 205, and a member of the Society of
Economic Geologists and the Geological Society of
Nevada.
4. I have worked as a professional geologist continuously for

36 years since graduating with a Masters of Science degree
from university. I have practiced my profession in the
exploration for and the development of a variety of
precious and base metal projects in Canada, the United
States, including Alaska, Eastern and Central Europe,
South America and Mexico.
5. I have read the definition of “qualified person” set out in

National Instrument 43-101 (“NI 43-101”) and certify that
by reason of my education, work experience and affiliation
with a professional association (as defined in NI 43-101), I
fulfill the requirements to be a “qualified person” for the
purposes of NI 43-101.
6. I am either responsible for the preparation of or have edited

and approved all sections of the technical report titled
“Technical Report For The Main Area And New Butte
Prospect At The Kings Canyon Exploration Property In
Millard County, Utah, USA, For Palladon Ventures Ltd.”
and dated April 22, 2005 (the “Technical Report”) relating
to the Kings Canyon Property.
7. The date and duration of my most recent visit to the Main
Area at Kings Canyon is June 16, 2004 for 4.5 hours and to
the New Butte Prospect at Kings Canyon is June 16, 2004
for 1.5 hours.
8. I am not aware of any material fact or material change with

respect to the subject matter of the Technical Report that is
not reflected in the Technical Report, the omission to
disclose which makes the Technical Report misleading.
9. I am independent of the issuer applying all of the tests in

Section 1.5 of NI 43-101. I do not have, nor do I expect to
receive, directly or indirectly, any interest in the subject
property of the Technical Report or any other property
discussed in the Technical Report, or securities of Palladon
Ventures Ltd., or any affiliated companies.
10. I have read National Instrument 43-101 and Form 43-

101F1, and the Technical Report has been prepared in
compliance with that instrument and form. The Technical
Report has been prepared in conformity with generally
accepted Canadian mining industry practice.
11. I consent to the filing of the Technical Report with any

stock exchange and other regulatory authority and any
publication by them, including electronic publication in the
public company files on their websites accessible by the
public.
Dated this 22nd Day of April, 2005.
___________________________________
Rick H. Russell, M.Sc.,
Licensed Geologist
APPENDIX I
Rock Sample Analytical Results, Kings Canyon Properties

APPENDIX III
KINGS CANYON PROJECT, MILLARD COUNTY, UTAH
Surface Rock Samples Collected 2004 and 2005 by Genesis Gold (0.050 ppm Au or more)
Sample Au Ag As Hg Sb
Number ppm ppm ppm ppm ppm
Z04-1 0.400 20.30 12.0 1.00 12.00
Z04-2 0.066 6.00 7.0 1.00 13.00
Z04-3 0.207 10.10 8.0 1.00 16.00
Z04-4 0.391 58.20 11.0 1.00 31.00
Z04-5 0.091 18.40 21.0 1.00 41.00
Z04-6 0.042 5.90 6.0 1.00 8.00
Z04-7 0.206 2.40 19.0 2.00 42.00
Z04-8 0.197 14.00 4.0 2.00 15.00
Z04-9 0.422 44.80 18.0 6.00 27.00
Z04-10 0.532 5.10 6.0 -1.00 5.00
Z04-11 0.036 2.10 6.0 1.00 2.00
Z04-12 -0.005 -0.20 30.0 2.00 -2.00
Z04-13 0.059 -0.20 33.0 -1.00 -2.00
Z04-14 -0.005 -0.20 19.0 -1.00 -2.00
Z04-15 -0.005 -0.20 11.0 -1.00 -2.00
Z04-16 0.017 0.50 20.0 -1.00 -2.00
Z04-17 0.008 0.30 3.0 -1.00 3.00
Z04-18 -0.005 -0.20 14.0 2.00 -2.00
Z04-19 -0.005 -0.20 7.0 -1.00 -2.00
Z04-20 -0.005 -0.20 13.0 1.00 -2.00
Z04-21 0.059 0.40 16.0 -1.00 2.00
Z04-22 0.020 -0.20 2.0 1.00 -2.00
Z04-24 0.095 0.30 14.0 1.00 4.00
Z04-26 -0.005 -0.20 2.0 -1.00 -2.00
Z04-27 0.617 4.50 25.0 2.00 170.00
Z04-28 4.590 3.90 45.0 1.00 98.00
Z04-29 1.125 7.90 35.0 2.00 1135.00
Z04-30 0.687 5.40 31.0 1.00 337.00
Z04-31 0.915 7.10 17.0 1.00 93.00
Z04-32 0.509 2.30 21.0 1.00 18.00
Z04-33 0.108 5.80 15.0 1.00 97.00
Z04-34 0.381 3.50 35.0 2.00 26.00
Z04-35 0.519 5.90 30.0 2.00 81.00
Z04-36 0.220 5.00 46.0 1.00 75.00
Z04-37 0.373 1.60 14.0 -1.00 9.00
Z04-38 0.444 9.40 6.0 -1.00 18.00
1 April 22, 2005

Z04-39 0.259 3.00 17.0 1.00 19.00
Z04-40 -0.005 -0.20 -2.0 -1.00 -2.00
Z04-41 -0.005 -0.20 8.0 -1.00 2.00
Z04-42 -0.005 -0.20 -2.0 -1.00 -2.00
Z04-43 -0.005 -0.20 -2.0 -1.00 -2.00
Z04-44 -0.005 -0.20 2.0 -1.00 -2.00
Z04-45 1.565 3.70 5.0 1.00 2.00
Z04-46 0.191 1.90 8.0 -1.00 10.00
Z04-47 0.231 5.00 5.0 1.00 9.00
Z04-48 0.258 3.80 7.0 -1.00 3.00
Z04-49 0.242 0.90 2.0 -1.00 2.00
Z04-50 0.420 3.80 6.0 -1.00 10.00
Z04-51 0.356 1.00 5.0 -1.00 4.00
Z04-52 -0.005 -0.20 28.0 -1.00 2.00
Z04-53 -0.005 -0.20 11.0 -1.00 -2.00
Z04-54 -0.005 -0.20 9.0 -1.00 -2.00
Z04-55 0.010 -0.20 68.0 -1.00 2.00
Z04-56 0.009 -0.20 313.0 -1.00 16.00
Z04-57 -0.005 -0.20 20.0 -1.00 2.00
Z04-265 0.066 0.41 4.3 0.10 1.26
Z04-266 0.080 0.24 4.0 0.06 2.70
Z04-267 0.047 0.23 7.0 0.14 5.93
Z04-268 0.253 0.20 6.0 0.37 1.94
Z04-269 0.161 0.21 3.6 0.53 1.79
Z04-270 0.495 0.10 14.0 0.18 3.15
Z04-271 0.167 0.36 7.1 0.32 4.70
Z04-272 0.010 0.10 4.0 0.03 0.39
Z04-273 0.009 0.08 7.0 0.02 0.57
Z04-274 0.024 0.08 13.0 0.02 0.71
Z04-275 0.005 0.07 13.0 0.02 0.95
Z04-276 0.015 0.11 16.0 0.03 1.19
Z04-277 0.018 0.17 16.0 0.09 25.20
Z04-278 0.008 0.08 5.0 0.02 0.37
Z04-279 0.013 0.12 9.0 0.05 1.94
Z04-280 0.014 0.11 10.0 0.05 6.46
Z04-281 0.012 0.10 1.2 0.01 0.21
Z04-282 0.010 0.09 9.5 0.03 1.32
2 April 22, 2005

Z04-283 0.009 0.07 2.0 0.03 0.46
Z04-284 0.005 0.04 15.0 0.06 1.33
Z05-01 -0.005 0.03 17.0 0.02 0.85
Z05-02 -0.005 0.01 44.0 0.02 0.13
Z05-03 -0.005 -0.01 10.0 0.01 0.18
Z05-04 -0.005 0.01 8.0 0.02 0.16
Z05-05 -0.005 0.01 9.0 0.02 0.21
Z05-06 0.014 0.08 11.0 0.07 1.26
Z05-07 -0.005 -0.01 3.0 -0.01 0.08
Z05-08 -0.005 0.01 3.0 0.02 0.14
Z05-09 -0.005 0.01 2.0 0.03 0.10
Z05-10 -0.005 0.01 -2.0 0.04 0.07
Z05-11 -0.005 0.03 0.9 -0.01 0.12
Z05-12 -0.005 0.03 0.5 0.01 0.13
3 April 22, 2005

Kings Canyon 43-101 Final C1

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TECHNICAL REPORT FOR THE MAIN AREA AND

NEW BUTTE PROSPECT AT THE KINGS CANYON

MILLARD COUNTY, UTAH, USA

PALLADON VENTURES LTD.

R. H. Russell, M.Sc., Licensed Geologist

April 22, 2005

Table 3.1 MAIN AREA UTM COORDINATES---------------------------------- Page 7

Appd I ROCK SAMPLE ANALYTICAL RESULTS-------------------------

The exploration target at King Canyon is a Devonian dolomite-hosted disseminated,

It is significant to note that the previous explorers apparently failed to recognize

Dependent upon a successful outcome of the Phase I program, a Phase II program,

1.0 INTRODUCTION AND TERMS OF REFERENCE

1.2 CURRENCY AND UNITS OF MEASUREMENT

1 inch = 2.54 centimeters

1 acre = 0.4047 hectare

1 short ton = 2000 pounds or 0.893 long tonne

Analytical percent grams per troy oz per

Temperature Conversion Formulas

Degrees Fahrenheit = (ºC x 1.8) + 32

Frequently Used Abbreviations

AA atomic absorption spectrometry

3.0 PROPERTY LOCATION, ACCESS AND DESCRIPTION

3.1 MINERAL DISPOSITION

3.2 LEGAL SURVEY

3.3 ENVIRONMENTAL AND PERMITTING

between 1989 and 1992. No difficulties in permitting drilling or other exploration

Prior to commencement of any surface disturbance, Palladon must obtain documents

4.0 PHYSIOGRAPHY, INFRASTRUCTURE AND CLIMATE

The mean annual precipitation ranges from 2 to 8 inches (5 to 20 centimeters), most of

5.1 PREVIOUS WORK

6.0 GEOLOGIC SETTING

6.1 REGIONAL GEOLOGY

Approximately 36,000 feet of generally conformable Upper Precambrian (not exposed)

Decollement style, younger-over-older, detachment faults are common in some parts of

Transition from a predominantly compressional structural regime to a predominantly

Jasperoid-hosted gold mineralization in the vicinity of Kings Canyon is found over a

6.3 DEVONIAN ROCKS

6.3.1 Sevy Dolomite (Dsy)

Osmond (1954) described a 1,600-foot (488-meter) thick measured section of Sevy

6.3.2 Simonson Dolomite (Ds)

Hose (1966) summarized Simonson stratigraphy in the Confusion Range in Millard

6.3.3 Lower Guilmette, Simonson And Sevy Equivalents, Undivided

6.3.4 Guilmette Formation (Dg)

1. A basal 650 feet (198 meters) of dark-gray, fine-grained limestone that is

2. A 700-foot (213-meter) thick, dark-gray, locally mottled and argillaceous,

3. An 800-foot (244-meter) thick sequence of fine- to medium-grained, medium-

4. 450 feet (137 meters) of mostly thin-bedded, medium-gray limestone that

6.4 DEVONIAN/MISSISSIPPIAN ROCKS

6.4.1 Pilot Shale

6.5 MISSISSIPPIAN ROCKS

6.5.1 Pilot Shale

6.5.2 Joana Limestone

6.5.3 Chainman Formation

6.6 INTRUSIVE ROCKS

6.7 COVER ROCKS

Decollement style, younger-over-older, detachment faults are common in some parts of

6.9 GEOLOGIC SETTING OF THE KINGS CANYON PROPERTY

Silicification occurs as jasperoid in the Guilmette Formation and Simonson Dolomite.

Decalcification probably precedes gold-bearing events and is noted peripheral to and

The geophysical surveys reportedly conducted by Crown include VLF/magnetics,