Gold / Yeti

Geological Reports

SUMMARY OF EXPLORATION ON THE YEHINIKO PROPERTY
YEHINIKO LAKE, TELEGRAPH CREEK AREA
LIARD MINING DIVISION, BRITISH COLUMBIA

N.T.S. 104G/1 1 W
Latitude 5732' North
Longitude 1310 20' West

For GOLD WIN VENTURES INC.
P.O. Box 8474 Bentall Centre
Vancouver, BC

For CONSOLIDATED GOLD WIN VENTURES INC.
Suite 400,1200 WEST PENDER STREET
VANCOUVER, BRITISH COLUMBIA
V6E 2S9

By
W.G. Timmins
May 2002

Table of Contents

1. SUMMARY
2. INTRODUCTION AND TERMS OF REFERENCE
   2.1 Disclaimer
3. PROPERTY DESCRIPTION AND LOCATION
4. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE and PHYSIOGRAPHY
5. HISTORY
6. GEOLOGICAL SETTING
   6.1 Tectonic History Of The Area
   6.2 Property Geology
   6.3 Alteration
   6.4 Structural Geology
      6.4.1 General Structural Environment Of The Yehiniko Lake Area
      6.4.2 Major Faults In The Yehiniko Lake Area
7. DEPOSIT TYPES
8. MINERALIZATION
9. EXPLORATION
   9.1 Review Of Previous Exploration On The Yeti Property
   9.2 Sampling Method Etal; Sample Prep. Etal; Data Vericity Etal
   9.3 Adjacent Properties
   9.4 Mineral Processing Etal; Mineral Resources Estimate Etal;
10. OTHER RELEVANT DATA AND INFORMATION
11. INTERPRETATION AND CONCLUSIONS
12. RECCOMMENDATIONS
   12.1 BUDGET
13. REFERENCES
14 STATEMENT OF QUALIFICATIONS

1. SUMMARY

Consolidated Gold Win Ventures Inc. acquired an option to earn an interest in five contiguous mineral claims totaling 8 units. The claims were staked to cover gold-silver-copper bearing quartz-carbonate veins. The claims are located in the Liard Mining Division of British Columbia, 50 kilometres south of the Telegraph Creek mining area.

Consolidated Gold Win Ventures Inc. has completed substantial exploration work and continues to investigate the mineral potential of the property.

Topographic relief is generally rugged, with elevations ranging from the wide river valleys at 850 meters to the peaks exceeding 2000 meters elevation. Vegetation on the higher portion of the property is limited to alpine grasses, flowers, and low bushes; the tree line is at approximately 1100-1300 meters elevation with mean summer temperature 6-7º C., and mean winter temperature of -8 to -10º C.

The Stikine River area was first explored for placer gold in the 1860's, and in the latter part of that century an estimated 1800 oz. of gold was removed. Considerable exploration activity then took placed in the early part of the 20th century, resulting in the discoveries of Galore Creek (porphyry copper - gold) deposit, the Schaft Creek deposit (porphyry copper - molybdenum - gold) deposit and the Johnny Mountain deposit.

The YETI GROUP Property lies within the Stikine Terrane, underlain by Upper Triassic Stuhini Group volcanic, volcaniclastic, and sedimentary rocks that have been cut by intermediate to ultramafic intrusions. Most of the rocks in the mapped area have undergone zeolite to greenschist grade metamorphism. This area lies between three extensive fault systems, the ESE King Salmon Fault System, NW (Coastal) Sundum - Fanshaw Fault System, and the Skeena Fold Belt. Structural features present include shears, faults and fractures with highly variable orientations. and dykes of various composition.

The deposit types in this area are gold-silver-copper bearing quartz-carbonate veins.

Copper and gold values associated with shears and quartz - carbonate veins are bounded by a dominantly pyritic zone and by a pyrite - pyrrhotite bearing tonalite intrusion. The veins range in size from 1 mm to occasionally over 1 meter in width, with an average width between 5 and 50 cm.

Alteration on the property includes silicification, and chlorite carbonate veins, stockworks, and breccia with tan colored ankerite - limonite alteration. Minerals occurring within the veins and shears include pyrite, chalcopyrite, bornite, sphalerite, and galena. Vein mineralogy varies from those clearly with galena and sphalerite, and those clearly without; both types may contain high gold values, and occur together in the same areas. Moderate quantities of silver, arsenic, antimony, bismuth and cadmium occur with galena, sphalerite, pyrite and chalcopyrite. Gold values are generally elevated in volcanic rocks beyond the intrusive contact. Gold values tend to follow the copper mineralization.

Each of these zones represents a potential vein that could be similar to those found on the Skyline property and other regional examples of geologically anomalous phenomena. These zones require additional exploration work including diamond drilling to further the exploration investigation of the claims.

A further program of exploration should include helicopter-bome geophysical surveying consisting of both VLF-EM and magnetometer to guide follow-up exploration. The estimated cost of the program would be $125,000. Further work would depend on the results of this program.

In 1996 GOLD WIN VENTURES INC. (presently know as Consolidated Gold Win Ventures Inc.) acquired an option to earn an interest in eleven contiguous mineral claim blocks and 2-post mineral claims totaling 93 units. The claims were staked to cover gold-silver-copper bearing quartz-carbonate veins.

That option was exercised and five of the claims covering the main areas of interest have been maintained. The claims are located in the Liard Mining Division of British Columbia, 50 kilometres south of the Telegraph Creek mining area.

Gold Win has completed substantial exploration work and continues to investigate the mineral potential of the property.

2.1 Disclaimer

This report was initiated by Souhail 'Abby' Farrage, the President of Consolidated Gold Win Ventures Inc. to summarize the exploration potential of the claims and its mineral prospects, to be filed with the appropriate regulatory bodies.

In order to write the report, historical and current geological reports of the area and of the property were reviewed. A visit to the property was not possible but I have been in the area during in the last 5 years and am familiar with the region. The reports by the previous qualified persons were reviewed but no data verification was deemed necessary as there was no reason to question their credibility.

3. PROPERTY DESCRIPTION AND LOCATION

These claims are located in the Liard Mining Division of northwestern British Columbia. They are approximately 45 kilometres southsouthwest of Telegraph Creek, 75 kilometres west of Tatogga Lake and directly west and southwest of Yehiniko Lake (Figure 1,2). The property consists of four 2-post claims and one four unit 4-post claim summarized in Table 1. The eight units are owned by Michael Ross Consultants Ltd. (In Trust), Vancouver, B.C are in good standing until 2006. Consolidated Gold Win Venture Inc. has an option to earn 100% interest by spending $350,000 in exploration on the property of which $200,000 has been expended over the past 5 years. The option agreement is appended as Appendix 1.

The property is situated within the transition zone between the Coast mountains and the Intermontaine Belt. The claims cover the drainage into Quattrin Creek, portions of the drainage into Yehiniko Creek, and the ridge lying in-between.

Topographic relief is generally rugged, with elevations ranging from the wide river valleys at 850 meters to the peaks exceeding 2000 meters elevation. Glaciers and large moraine basins occupy the higher basins. Talus covered slopes are common. Vegetation on the higher portion of the property is limited to alpine grasses, flowers, and low bushes; the tree line is at approximately 1100-1300 meters elevation. A reasonable level of outcrop exposure occurs from late June to early October.

The property lies near the eastern side of the Coast Range, receiving less rain than areas further down the Stikine River. The Yehiniko Lake area has a climate similar to Schaft Creek, with 700-800 mm of precipitation annually (40-50% as snow), a mean summer temperature 6-7º C., and a mean winter temperature of -8 to -10º C.

Access is by helicopter from Tatogga Lake, or by float plane from Telegraph Creek, located approximately 50 km. to the north to Yehiniko Lake and from there by helicopter on to the property. An old disused airstrip is found just west of Yehiniko Lake and could be put into service should the need arise.

The area has been permitted for mining previously and has had isolated mining operations developed and currently operating in the region. No nearby towns are available so support and infrastructure would be on a remote site basis.

5. HISTORY

The Stikine River area was first explored for placer gold in the 1860's, and in the latter part of that century an estimated 1800 oz. of gold was removed. Geological mapping was first carried out by G.M. Dawson and R. McConnell in 1887.

Forrest Kerr's work in the Stikine River area was the next serious mapping effort. Kerr mapped the area from 1926 to 1929, covering 2500 square miles. Three geological maps were published in 1935, but Dr. Kerr died in 1938, before publication of his report was completed. A Dr. Cook completed the report after the Second World War, in 1948 (Kerr, 1948; note that this is reported as GSC Memoir 247 in many of the previous assessment reports, but is actually Memoir 246).

Considerable exploration activity then took place, resulting in the discoveries of Galore Creek (porphyry copper - gold) deposit 45 km. South; the Schaft Creek deposit (porphyry copper - molybdenum - gold) deposit 27 km. to the southeast; and the Johnny Mountain deposit even further to the south. J.G. Souther continued work in the Stikine area during 1971 (Souther, 1972).

A previous exploration program on the Yehiniko Lake property is indicated by old black powder fuses, fuel drums and cut timber. Phelps Dodge Inc. performed a program of trenching and perhaps I.P. in the area of the Main Zone of the Claims during the 1970's. The work was not recorded for assessment purposes.

D. Brown, C. Greig and M. Gunning of the Geological Survey Branch of the B.C. Ministry of Energy, Mines, and Petroleum Resources, performed detailed regional work in 1990 (Brown et al, 1990), and subsequent years (Brown et al, 1996). The geology in the Yehiniko Lake area has been considerably and significantly revised in this latest publication.

The most recent assessment began in 1990, when Coast Mountain Geological and Quest Canada Exploration Ltd. performed a reconnaissance stream sediment survey, revealing several multi-element anomalies from tributary streams of the Quattrin and Yehiniko Creeks.

6. GEOLOGICAL SETTING

6.1 Tectonic History Of The Area

Brown et al (1996) have described the probable tectonic history of this area. The YETI GROUP Property lies within the Stikine Terrane, comprised of volcanic, sedimentary, and intrusive rocks typical of oceanic island arc environments.

Phase 1: STUHINI ARC. The Stuhini volcanic and sedimentary rocks (see Table 1 of this report accumulated along oceanic island arc, over the basement Stikine Assemblage, during subduction of the Cache Creek oceanic crust, in late Triassic time. The ultramafic Mt. Hickman and calcalkaline plutons of the Stikine Intrusive Suite were intruded at this time.

Phase 2: HAZELTON ARC. This formed in a similar manner to Phase 1, accompanied by the intrusion of calcalkaline plutons (Cone Mountain), in the early Jurassic.

Phase 3: CONTINENTAL MARGIN ARC. In the middle Jurassic, the Cache Creek crust obducted over the Phase 1 and 2 rocks. The detached subducting oceanic plate generated the final magmatic action of this oceanic crust, producing the Yehiniko plutons of the Three Sisters Intrusive Suite.

Phase 4: From late - Jurassic to early Cretaceous, tectonic activity was reduced to some faulting and folding, perhaps caused by the completion of the Phase 3 obduction, and the start of a new episode of subduction.

Phase 5: CONTINENTAL MARGIN. From mid- until late-Cretaceous, subduction of the Farallon and Kula Plates occurred, as well as the accretion of first the Wangallian, then the Alexander, Terranes. There is no recorded intrusive activity, but folding and thrust faulting (from the Skeena Fold Belt, to the Rocky Mountain Fold and Thrust Belt) occurred.

Phase 6: CONTINENTAL MARGIN. The Tertiary saw the renewal of intrusive (more granitic and calcalkaline) action accompanying the subduction that started in Phase 5. There was a change in the relative movement of the North American and Pacific Plates about 40 Ma, from pure compressive, to a more oblique shearing action.

TABLE 2. SIMPLIFIED TELEGRAPH CREEK STRATIGRAPHIC, TECTONIC, AND INTRUSIVE SUITE RELATIONSHIPS

ROCK FORMATION INTRUSIVE OR DEFORMATION
AGE TYPES NAMES GROUP NAMES MINERALIZATION

Q Unconsolidated Sediments
-------------------------------Unconformity (Uplift and Erosion)-------------------------------
IT Volcanic (basaltic flows)
-------------------------------Unconformity (Uplift and Erosion)-------------------------------
eT Volcanic Sloko
eT Granitic Christina Pluton Hyder Suite
Calcalkaline Coast Mtn Batholith Block Faulting
-------------------------------Unconformity (Uplift, Block Faulting, and Erosion)----------
1K Sedimentary and some volcanic Sustut
e-1K Skeena Fold Belt
-------------------------------Unconformity (uplift, Folding, Faulting, and Erosion)-------
1J King Salmon Fault
mJ Granitic Yehiniko Pluton Three Sisters
e-mJ Volcanic and sedimentary Hazelton
eJ Granitic Strata Glacier Pluton Cone Mountain
eJ Transitional Limpoke Pluton Texas Creek
1Tr-eJ Ultramafic Rugged Mtn & Copper Mountain
& Syenite Butterfly Plutons Folding
------------------------------Unconformity (Uplift, Folding, Faulting, and Erosion)-------
1Tr Volcanic and Sedimentary Stuhini
m-1Tr Dioritic Nightout Plutons Stikine
m-1Tr Ultramafic Mickman Plutons Stikine
& Calcalkaline Dioritic Stikine Tahltanian Orogeny
e-mTr Sedimentary Unnamed Tahltanian Orogeny
--------------------------------Unconformity (Uplift and Erosion)-----------------------------
C-P Volcanic and Stikine Assemblage
Sedimentary
This Table is based on Figure 7-1 of Brown et al (1996).

6.2 Property Geology

On the YETI GROUP Claims rock exposure on ridges, cliffs and peaks in the claim area is generally good; however, snow, talus, glacial debris or vegetation obscures outcrops in the basins and gentle slopes, and many of the slopes are too steep to examine without experienced climbers. The YETI GROUP Claims are underlain by Upper Triassic Stuhini Group volcanic, volcaniclastic, and sedimentary rocks that have been cut by intermediate to ultramafic intrusions, so one might find any of the following rock types on the claims.

Sedimentary Rocks

Stuhini Group (Upper Triassic)

The Quattrin Unit (uTSs2, on Figure) is the upper unit of the Stuhini Group and occupies a small area of land on the west side of Quattrin Creek. The lower layers are composed of mostly massive, pale gray weathering bioclastic limestone, lying on massive Stuhini volcanic rocks. Bivalves, corals, and bryozoans are present in the limestone. Dark gray to black siltstone, green to pale gray arkose, and black shale are immediately above. Some of these rocks represent distal turbidites, showing that this area was a low energy submarine environment at that time. Maroon, mauve, and brick red lapilli tuffs, tuffaceous mudstone, and laminated ash tuff overlie the sedimentary rocks.

A polymictic conglomerate/breccia (hcgl on Figure), also a unit in the Stuhini Group, is found along the western margin of the glacier at the headwaters of Quattrin Creek. Clasts up to a meter in size consist of granitic rocks, volcanic rocks, amphibolite, limestone and ultramafite.

Hazelton Group (Lower to Middle Jurassic)

A very small area of Limy Wacke (1JHs on Figure), is found to the west of Quattrin Creek. The unit is a mixture of limy wacke, tuffs, and rare shale lenses. Fragments of ammonites, belemnites, and brachiopods are present.

Extrusive Igneous Rocks

Stuhini Group (Upper Triassic)

The Stuhini Group volcanic rocks (uTSv On Figure) are composed of massive feldspar crystal lithic lapilli tuffs, breccias, and flows of andesite to basalt. They are typically massive with blocky 3 to 15 mm augite and lath shaped hornblende or plagioclase phenocrysts. The andesitic rocks are recognized by the coexistence of hornblende and plagioclase. Pale green to dark gray, pyretic, laminated ash tuffs may be present as minor subunits. These vary in composition from mafic to felsic, but most are mafic to intermediate. These are often well banded.

Colors can vary from black to dark green to maroon and purple hues. Lahars are found with large (up to 10 m) blocks of reefal limestone. Locally amygdaloidal textures are found, but pillowed lavas are not common.

Hazelton Group (Lower to Middle Jurassic)

At the bottom of this Group in this area lies a Dacite Unit (1JHd on Figure), which is either a flow or a sill. The Limy Wacke Unit, discussed earlier, sits on this. Most of this Group is composed of andesite flows, breccias, and tuffs. The breccias and tuffs are commonly maroon to brick red, but may be gray green to mottled. The most common flows are pyroxene and plagioclase andesite, which are typically gray green with a purple hue. These are locally amygdaloidal with fillings of zeolite, calcite, chlorite, epidote, quartz and pyrite.

INTRUSIVE IGNEOUS ROCK

Plutonic rocks underlie about 40% of the area mapped by Brown et al. (1996), mainly to the south. Figure 2 of this report is an enlarged copy of Figure of Brown et al (1996), and refer to the locations of specific plutons. These are eight suites of intrusive rocks specified in Brown et al (1996), Three Suite occur in the proximity to the Yeti property. These are the three sisters (Yehiniko and Saffron plutons) Suite, the cone mountain Suite (Strata Glacier, and Shebou plutons), and the Stikine Suite (Nightout plutons of various compositions).

6.3 Alteration

Most of the rocks in the mapped area of Brown et al (1996) have undergone zeolite to greenschist (with zeolites, calcite, quartz epidote, etc.) grade metamorphism. Secondary garnet - wollastonite scarns and biotite to amphibolite grade (hornblende) hornfels occur locally, and can extent up to 500 m from the intrusive contacts. The strongest thermal effects are found along the ultramafite contacts, reflecting the higher intrusive temperatures.

6.4 Structural Geology

6.4.1 General Structural Environment Of The Yehiniko Lake Area

This area lies between three extensive fault systems, the ESE King Salmon Fault System, NW (Coastal) Sundum - Fanshaw Fault System, and the Skeena Fold Belt. These control much of the structural grain of the area under study.

King Salmon Fault System

This is interpreted by Brown et al (1996) and others, as a compressional Middle Jurassic deformation that occurred during the final accretion and obduction of the Cache Creek Terrane onto Stikina.

Skeena Fold and Fault Belt

These are north verging folds and faults, developed during Late Jurassic to Early Tertiary, as the Intermontaine Superterrance accreted to the North American Plate.

Sumdum - Fanshaw Fault Belt

This system developed during the period of Middle Cretaceous to Early Tertiary during the postulated under - thrusting of the Alexander Terrane.

Brittle Deformation Event

There was a change in the relative movement of the North American and Pacific Plates about 40 Ma, from pure convergence to a more oblique convergence (Brown et al, 1996, p.78). The result was north trending strike slip and extensional faults.

6.4.2 Major Faults In The Yehiniko Lake Area

Structural elements important around the Yehiniko Lake area are summarized as follows.

North Trending Faults and Dykes

A number of these structural features are related; with complicated reverse, normal and strike - slip movements along a single fault being possible. The Scud Glacier Fault is the most prominent of this group, with extensive vertical movement, as well as right lateral offsets. This was most active during the post Late Triassic. This fault is covered by glaciers to the north, but is suggested to extend to the Yehiniko Lake area.

The Yehiniko (YF) Fault is considered by Brown et al to be similar in nature to the Scud Glacier Fault, as well as other faults and dykes on the map area, and could be an extension of the southern faults.

Northwest Trending

Contractional faults are present near Yehiniko Lake according to Brown et al. The Cone Mountain Fault is a reverse fault with the hanging wall overthrust to the SW.

The Yehiniko reverse fault has a similar strike but the opposite dip direction. This seems to suggest that large scale Riedel - type faults can develop between large, north striking, right lateral shears. Then, when the area is subjected to a compressive stress in an appropriate direction, the NW strike - slip Riedel faults convert to, at least partially, reverse faults with a SW dip.

East Trending

The Kitchener Fault Zone consists of east trending near vertical faults with vertical slips (north side down), which are post - Triassic, and associated with extensive folding. The east trending Boomerang Fault is south dipping, and extends west across the river valley. Ground offsets show left lateral movement, but the full movement is considered to be complex.

On the YETI Claims, structural features present include shears, faults and fractures with highly variable orientations. Quartz - carbonate veins trend east - west and north - south; however, many have strong 20 - 40º, and 110 - 120º. orientations. Dykes of various composition, with widths from 0.5 meters to 10 meters, have orientations dominated by east - west trends near the Pass and northward, and northwest and northeast trends elsewhere on the property.

7. DEPOSIT TYPES

The deposit types in this area are gold-silver-copper bearing quartz-carbonate veins. The most proficient type of deposit in the region as exemplified by the Stewart Camp (Premier Gold Mine, Skyline Gold Mine). The other type of deposit that would be of interest is the volcanogenic massive sulphide deposit as exemplified by the Iskut Creek Camp (Homestake Mine).

8. MINERALIZATION

Copper and gold values associated with shears and quartz - carbonate veins occur within an area approximately 1,600 meters (N to S) long by 1,200 meters (E to W) wide, centered roughly about the Main Zone. It is bounded to the south by a dominantly pyritic zone and to the east by a pyrite - pyrrhotite bearing tonalite intrusion.

The veins range in size from 1 mm to occasionally over 1 meter in width, with an average width between 5 and 50 cm. The Crow Vein (Blizzard Zone) was traced for approximately 200 meters with widths from 10 cm to 1.2 meters, and with assays of up to approximately 74 g/tonne gold. An east trending vein near the north end of the Main Zone and west of the Pass, appears to be from 1.5 to over 2 meters in width, and shows vertical continuity for at least 50 meters; however, a large bergschrund prevented close investigation. Other veins pinch and swell but some remain consistent in width for 20 - 30 meters.

Alteration on the YETI property includes silicification, and chlorite - epidote to quartz - K - feldspar alteration with associated quartz - carbonate veins, stockworks, and breccia with tan colored ankerite - limonite alteration. The quartz veins are clear to milky white in color, frequently drusy and cockscomb, with weak, highly angular breccia fragments. The carbonate content varies and adularia may form selvages locally.

Minerals occurring within the veins and shears include pyrite, chalcopyrite, bornite, sphalerite, and galena. Chalcocite was noted within bornite - rich shears hosted by the intrusion near the Pass. Vein mineralogy varies from those clearly with galena and sphalerite, and those clearly without; both types may contain high gold values, and occur together in the same areas. The number of veins located to date with galena and sphalerite is relatively low compared to those with pyrite and chalcopyrite.

Moderate quantities of silver, arsenic, antimony, bismuth and cadmium occur with galena, sphalerite, pyrite and chalcopyrite from the Comfort Zone to the Wolf Zone and westward.

Pyrite with minor pyrrhotite occurs locally up to 5 to 10% within sheared volcanic and intrusive rocks to the far south and east of the property, respectively.

Gold values are generally elevated in volcanic rocks beyond the intrusive contact. West of the intrusive contact, quartz vein sulfide mineralogy, locally with coarse native gold, occurs. The intrusion itself; however, appears to be gold - poor, suggesting a "gold zone" exists outboard of the intrusive contact.

Gold values tend to follow the copper mineralization but increase, with respect to copper, within volcanic rocks west of the intrusion. The Blizzard Zone occurs furthest from the Main Zone; sample from the Crow Vein, returned 2% copper, with 74,000 ppb gold, over 1 meter.

9. EXPLORATION

9.1 Review Of Previous Exploration On The Yeti Property

Assessment Report # 21168 (Ostensoe, 1990)

E.A. Ostensoe carried out preliminary prospecting and geological mapping over 16 sq. km., as well as geophysical, geochemical, and physical work over 22 km. of line. 25 silt, 926 soil, and 142 rock samples, were analyzed.

Rock types noted on the YETI GROUP property were: mafic volcanic rocks (partly altered to serpentine), sandy sedimentary strata, and porphyritic dacite. The volcanic and sedimentary rocks belong to the Triassic Stuhini Group. The large Triassic granodiorite Nightout pluton lies immediately to the east.

Quartz - carbonate, and quartz - sericite - pyrite zones were found in the mafic flows (some of which later were determined to be ultramafic intrusives, see Brown et al, 1996). Gold, copper and zinc mineralization occurs in these zones. Some high gold values, with visible gold in some specimens, occurred over a considerable area.

Anomalous geochemical soil values were obtained using the computer program called PROBPLOT, developed at U.B.C. (Wilkins, 1990). The following values are useful reference material for future work (m = mean; s.d. = standard deviation):

Assessment Report # 21302 (Sivertz, 1991)

The work covered in this report was largely prospecting in nature. Widespread structurally controlled gold and copper mineralization, hosted in veins, stockworks, and shear zones was found in Stuhini volcanics, over an estimated area 300 m by 600 m. These mineralized zones ranged in size from a few cm. to over one meter.

Sivertz proposed that a north trending regional fault system controlled both the mineralization and the geometry of the intrusive contacts around the various Nightout Plutons. Other faults were noted in the NW, NE, and E directions.

Twenty-five rock, 14 silt, and 5 soil samples were analyzed. Six of the rock samples had copper values greater than 1%, and showed a strong copper - gold correlation. Lead and zinc values were found to be low in this part of the claim group. In the vuggy quartz - carbonate vein systems and shear zones, quartz, carbonates, pyrite, limonite, chlorite, malachite, chalcopyrite, and azurite are common.

Assessment Report # 24659 (Cuttle and Mowatt, 1996)

This report includes soil and till sampling, VLF-EM surveys, and basic prospecting, sampling and mapping. Till sampling along the East Ridge of the YETI GROUP did not return even a slightly anomalous value. The intrusive rock in this zone appears to be almost entirely devoid of mineralization, a conclusion that probably applies to all phases of the Nightout Intrusive. Till samples found large sections of the Main Zone of the YETI GROUP to be anomalous. Many chip - channel samples were also anomalous, but the authors note that the veins involved are only 30 to 40 cm. wide for the most part, with the greatest width of 117 cm. One vein is exposed for 95 meters before being covered with talus. Most of the veins encountered are vertical. VLF - EM results suggest the presence of several shear zones, possibly mineralized.

No drilling has been reported on the claims.

9.2 Sampling Method Etal; Sample Prep. Etal; Data Vericity Etal

This property is at too early a stage to have to consider these sections. Since the exploration work that has been carried out in the past and to be carried out in the future has been and will be conducted by professional accredited individuals it has been and will be completed using generally accepted exploration procedures.

9.3 Adjacent Properties

No adjacent properties of note are recorded in the area. Work done on the area outside of the recorded and retained claims is referenced in the text above for completeness of the geological, mineralization and exploration history.

9.4 Mineral Processing Etal;
Mineral Resources Estimate Etal;

This property is at too early a stage to have to consider these sections. It is mentioned to satisfy regulatory inclusiveness.

10. OTHER RELEVANT DATA AND INFORMATION

No other relevant data and information other that revealed in the above text is included.

11. INTERPRETATION AND CONCLUSIONS

The Yehiniko Project lies in an extremely rugged region of northern British Columbia. Past exploration hs identified at least six zones of quartz-carbonate veining, some of which contain highly anomalous values in gold, silver and copper. Each of these zones represents a potential vein that could be similar to those found on the Skyline property and other regional examples of geologically anomalous phenomena. These zones require additional exploration work including diamond drilling to further the exploration investigation of the claims.

A complete investigation of this property of merit is warranted to discover its full economic potential.

12. RECOMMENDATIONS

A further program of exploration to allow complete examination of the Yehiniko Property for gold-silver-copper deposits should include helicopter-bome geophysical surveying consisting of both VLF-EM and magnetometer, over the entire property to outline shears hidden by ice or overburden. This survey would best be completed in an east-west direction at 100 m line spacing. Results of this survey would be used to guide follow-up exploration to uncover new zones or extensions of known zones during the field season. The western part of the property should be investigated in detail to follow-up on silt geochemical anomalies and to confirm values reported in earlier exploration work on the Blizzard and Eagle Creek zones. In conjunction with this continuing surface exploration four shallow 125 metre drill holes should be completed on the known showings to test each two zone with two drill holes.

To complete this field work would require the use of a geologist, a technician and climbing specialist with technical climbing ability and the appropriate equipment. The drill will have to be moved by helicopter and helicopter support will be required. The estimated cost of the program would be $400,000. Further work would depend on the results of this program.

12.1 Budget

The proposed budget for the recommended work is as follows:

Phase I
1. Helicopter geophysical survey, estimate 250 line kilometres $ 40,000
   at $160 per line-kilometre
2. Mobilization/demobilization of crew and equipment, $ 10,000
3. Geologist, 20 days at $600/day $ 12,000
4. Geological Technician, 20 days at $300/day $ 6,000
5. Climbing Specialist, 20 days @ $350/day $ 7,000
6. Camp costs, 25 days at $200/day, including food $ 5,000
7. Helicopter support, estimate 20 hours $ 20,000
8. Equipment rental; climbing gear, sampling supplies, miscellaneous $ 2,000
9. Assaying, estimate 200 samples @ $25/sample $ 5,000
10. Mobilization/demobilization of crew and equipment, $ 20,000
11. Drilling 500 metres @ $150/metre $ 75,000
12. Geologist, 20 days at $600/day $ 12,000
13. Drill Camp costs, 25 days at $400/day, including food $ 10,000
14. Helicopter support, estimate 100 hours $100,000
15. Equipment rental; climbing gear, sampling supplies, miscellaneous $ 3,000
16. Assaying, estimate 200 samples @ $35/sample $ 7,000
17. Report $ 10,000
18. Contingencies $ 54,00
TOTAL PHASE I $400,000

13. REFERENCES

Blann (1992) "Geological Report on the Yehimko Property"
by E. Blann
prepared for VAR Computer Solutions Corp.
B.C. Assessment Report 22773

Brown et al (1990) "Geology and Geochemistry of the Stikine River
Yehiniko Lake Area, Northwestern B.C.",
by D.A. Brown, C.J. Greig, and M.H. Gunning
Open File 1990- 1, B.C. Geological Survey Branch

Brown and "Geology of the Stikine River-Yehiniko Lake Area,

Greig (1990) Northwestern British Columbia",
by D.A. Brown and CI Greig
Geological Fieldwork, 1989, Paper 1990- 1, p. 141
B.C. Geological Survey Branch

Brown et al (1996) "The Stikine Project: Geology of Western Telegraph Creek
Area, Northwestern British Columbia, NTS 104G/5, 6, 11 w,
12 and 13",
by D.A. Brown, M.H. Gunning, and C.J. Greig
B.C. Geological Survey Branch

Cuttle and "Geological Report on the Yehimko Property"

Mowatt (1996) by J. Cuttle and G.B. Mowatt
prepared for Econ Ventures Ltd.
B.C. Assessment Report 24659

Kerr ( 194 8) "Geology and Mineral Deposits of the
Stikine River Area, B.C.",
by F.A. Kerr,
Memoir 246, Geological Survey of Canada.
(Note that this is incorrectly stated in
previous Assessment Reports as Memoir 247)

McMillan et al (199 1) "Ore Deposits, Tectonics and Metallogeny
in the Canadian Cordillera"
by WJ McMillan, T. Hoy, D.G. MacIntyre, J.L Nelson
G.T. Nixon, J.L. Hammack, A. Panteleyev, G.E. Ray, and
I.C.L. Webster,
B.C. Geological Survey Branch, Paper 1991 - 4

Ostensoe (1990) "Geological, Geophysical and Geochemical Report
on the Yetl 4 - 7 Mineral Claims",
by E. Ostensoe for Toscana Resources Ltd.
B.C. Assessment Report No. 21168

Sivertz (1991) "Geological Report on the Yeti 1-3 Property,
Liard Mining Division",
by G. Sivertz for the Schellex Gold Corp.
B.C. Assessment Report No. 21302

Souther (1972) "Telegraph Creek Map Area, British Columbia,"
by J. G. Souther
Paper 71-44, Geological Survey of Canada.

Stesky (1995) "SpheriStat 2 For Windows; User's Manual"
by R.M. Stesky,
Pangaea Scientific, Brockville, Ontario

Whittles (1984) "Air Photo and Geophysical Interpretation Report on the Lost
Canyon Group, Kennedy Lake Area, Vancouver Island."
by A.B.L.Whittles,
B.C. Assessment Report

Whittles (1987) "Air Photo and Geophysical Interpretation
Report No. 1, Roble Creek Properties, Boise, Idaho
by A.B.L.Whittles,
Rhino Resources Inc. (Vancouver B.C.) Report.

Whittles (1990) "Geological, Geochemical, and Air Photo Interpretation
Report on the Midas Claim Group, Boise, Idaho"
by A.B.L. Whittles,
Rhino Resources Inc. (Vancouver B.C.) Report.

Whittles (199-31) "Geological, Air Photo and Geophysical Interpretation
Report on the NED Claim"
by A.B.L.Whittles,
B.C. Assessment Report.

Whittles (1997a) "Appendix B: Report on the Findings of an
Air Photo Interpretation of the SYMC Claim Group,
Alberni Area, Vancouver Island"
by A.B.L. Whittles,
Report for SYMC Resources Ltd., Port Alberni, B.C.

Whittles (1997b) "Summary Report on the Air Photo Interpretation
of the Yeti Claim Group, Yehiniko Lake,
Telegraph Creek Area, B.C."
by A.B.L.Whittles,
Report for Gold Win Ventures Ltd., Vancouver, B.C.

Whiffles (1997c) "Air Photo Interpretation Report of the Yeti Claim Group,
Yehiniko Lake Area, Telegraph Creek Area, B.C."
by A.B.L.Whittles,
B.C. Assessment Report.

Whittles (1997d) "Air Photo Interpretation and Mineral Potential Evaluation
of the YETI SOUTH GROUP, Yehiniko Lakes/Strata Glacier,
Telegraph Creek Area, B.C."
by A.B.L.Whittles,
Report for Gold Win Ventures Ltd., Vancouver, B.C.

Wilkins (1990) "Soil Geochernistry Statistics - Yehiniko Property"
by A. Wilkins,
Private report for Toscana Resources Ltd. (Vancouver, B.C.)

14 STATEMENT OF QUALIFICATIONS

I, William G. Timmins, of the city of Vancouver, in the Province of British Columbia, do hereby certify that:

1. I am a consulting geologist, with offices at 405- 455 Granville Street, Vancouver,B. C.;

2. I have been practicing my profession for the past 39 years, having been engaged in the evaluation, exploration and development of mineral properties throughout Canada, the United States, Latin and South America, Australia and New Zealand;

3. I am a registered Professional Engineer in the Province of British Columbia since 1969;

4. This report is based on published and private reports, maps and data provided by Consolidated Gold Win Ventures Inc. and in the public domain, and a visit to the property was not possible but I have been in the area during in the last 5 years and am familiar with the region;

5. I have no interest, nor do I expect to receive any interest in the properties or securities of Consolidated Goldwin Ventures Inc.

6. I am responsible for this report and the opinions expressed therein.

7. There are no material facts or material changes in the subject matter of this report that would mislead the reader.

8. I have no prior involvement with this property and have read Instrument and Form 43-101 F1 and this technical report has been prepared in compliance with this instrument and Form 43-101 F1.

9. I hereby grant my permission for Consolidated Gold Win Ventures Inc. to use this report for any corporate use normal to the business of the Company.

Dated at Vancouver, BC, this 31st day of May, 2002.
"W.G. Timmins"

W.G. Timmins P.Eng.