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Blast Resources Inc. – ‘SB-2/A’ on 8/4/05 – EX-99.1

On: Thursday, 8/4/05, at 9:06pm ET · As of: 8/5/05 · Accession #: 1170423-5-265 · File #: 333-122709

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/05/05  Blast Resources Inc.              SB-2/A                 3:155K                                   Fast Co Mgmt Inc./FA

Pre-Effective Amendment to Registration of Securities by a Small-Business Issuer — Form SB-2
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SB-2/A      SB-2 Amendment #3                                     54    200K 
 2: EX-23.1     Consent of Experts or Counsel                          1      6K 
 3: EX-99.1     Miscellaneous Exhibit -- exhibit991                   23     67K

EX-99.1 — Miscellaneous Exhibit — exhibit991
Exhibit Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Appendix 1: Regional Showings Budget - Phase I List Of Figures Phase II Table Of Contents 10.1 Regional Geophysics 10.2 Geophysics of Claims 10. Geophysics 11. Regional Geochemistry 12. Conclusions 17. Statement Of Qualifications 18. References 1. Summary 2.1 Disclaimer 2. Introduction 3. Property Description and Location 4. Access, Climate, Local Resources and Infrastructure 5. History 6. Recent Exploration Work 7.1 Regional Geology 7. Geological Setting 8. Deposit Type 9. Property Geological Setting
1	1st Page - Filing Submission
2	Table Of Contents
3	List Of Figures
4	1. Summary
5	2. Introduction
"	2.1 Disclaimer
6	3. Property Description and Location
7	4. Access, Climate, Local Resources and Infrastructure
8	5. History
10	6. Recent Exploration Work
"	7. Geological Setting
"	7.1 Regional Geology
12	8. Deposit Type
14	9. Property Geological Setting
"	10. Geophysics
"	10.1 Regional Geophysics
15	10.2 Geophysics of Claims
"	11. Regional Geochemistry
16	12. Conclusions
17	Budget - Phase I
18	Phase II
19	17. Statement Of Qualifications
20	18. References
22	Appendix 1: Regional Showings

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================================================================================

Geology Report

On

 GARNET CREEK Claims

Harrison Lake Nickel Copper Massive Sulphide Project

        Northing       5477500 m
        Easting         597500 m

  Longitude 121(0) 34' W              Latitude 49(0) 26' N

 UTM Zone 10

Map Sheets M092H0 42

 For

Blast Resources Inc.
Suite 717 -165 LaRose Ave.
Etobicoke, Ontario M9P 3S9

 Geologist

George Nicholson, P.Geo.

Date: July, 2004

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Table Of Contents                                                               

                                                        [Enlarge/Download Table]

                                                                                              Page
                                                                                                  
Table Of Contents................................................................................2

List Of Figures..................................................................................3

1.   Summary.....................................................................................4

2.   INTRODUCTION................................................................................5

         2.1      Disclaimer.....................................................................5

3.   PROPERTY DESCRIPTION AND LOCATION...........................................................6

4.   ACCESS, CLIMATE, LOCAL RESOURCES AND INFRASTRUCTURE.........................................7

5.   HISTORY.....................................................................................8

6.   RECENT EXPLORATION WORK....................................................................10

7.   GEOLOGICAL SETTING.........................................................................10

         7.1      Regional Geology..............................................................10

8.   DEPOSIT TYPE...............................................................................12

         8.1      Pacific Nickel Mine Geology (as summarized from A. Aho, 1956).................12

9.   PROPERTY GEOLOGICAL SETTING................................................................14

         9.1      Harrison  Lake Property Geology...............................................14

10.  GEOPHYSICS.................................................................................14

         10.1     Regional Geophysics...........................................................14

         10.2     Geophysics of Claims..........................................................15

11.  REGIONAL GEOCHEMISTRY......................................................................15

12.  CONCLUSIONS................................................................................16

13.  RECOMMENDED PROGRAM........................................................................17

14.  BUDGET.....................................................................................17

         Budget - Phase I.......................................................................17

         Budget - Phase II......................................................................20

17.  Statement Of Qualifications................................................................19

18.  References.................................................................................20

Appendix 1:  Regional Showings..................................................................22

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 2                        

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List Of Figures                                                                 

                                                                  Following page
                                                                  --------------

       Figure 1:      Property Location Map................................6

       Figure 1a:     Property Geology and Claim Map.......................7

       Figure 2:      Regional Geology....................................10

       Figure 3:      Regional Geophysics.................................14

       Figure 4a:     Regional Geochem Copper.............................15

       Figure 4b:     Regional Geochem Nickel.............................15

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 3                        

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1.       Summary                                                                

         The Pacific Nickel Mine located in Southwestern BC near Hope was a very
         significant  producer of copper and nickel from an ultramafic intrusive
         geologic  environment.  As one of the largest Canadian sources of these
         metals outside of Sudbury, Ontario and Thompson,  Manitoba, the lack of
         exploration in this area makes it a unique underdeveloped  mineral belt
         that  requires a concerted  exploration  program  that  should  include
         geological  mapping;  silt,  soil  and  rock  sampling,   thin  section
 analysis, and airborne geophysics followed by diamond drilling.

         There is  tremendous  similarity  and  coincident  features in the rock
         types and geophysical imprint between the geology of the Pacific Nickel
         Mine area and the ultramafic  belt extending to the northwest and south
         west from it. It is evident  from the public and  private  record  that
         this belt has not been subjected to detailed recent  exploration  until
         now  with  numerous   exploration   companies  initiating  large  scale
         programs.  Research  into the mine  area has  provided  some  excellent
        exploration features that should be looked for on the unexplored area.

          It is  recommended  that a  Phase I  program  of  geological  mapping,
         sampling  and  prospecting  be  undertaken  to further  define areas of
         potential interest.  This will cost some $5000 along with an additional
   $5000 of further geological investigation will complete Phase II.

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 4                        

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2.       INTRODUCTION                                                           

         Following  all the  activity  and  after  careful  research  for  local
         potential  for Pd-Pt  deposits,  Blast  Resource  Inc.  focussed on the
         Pacific  Nickel  Mine,  7  kilometres  north of Hope,  BC which was the
         fourth most  productive  Nickel-Copper  area of Canada (After  Sudbury,
Ontario; Thompson, Manitoba; and Lynn Lake, Manitoba).        

         The  claims,  which are the  subject of this  report  were  prospected,
         sampled and staked  Blast  Resource  Inc.  acquired a 100%  interest in
them.                                                         

2.1      Disclaimer                                                             

         This report was  initiated by the  President of Blast  Resource Inc. to
         evaluate the area of the claims and to recommend an exploration program
         to develop its mineral  prospects and to be filed with the  appropriate
regulatory bodies.                                            

         In order to write the report, old mine data and geological reports were
         compiled and  geologists and mine personnel who were present during the
         active  mining  operations  in  the  region  from  1958  to  1974  were
interviewed.                                                  

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3.       PROPERTY DESCRIPTION AND LOCATION                                      

         The Property is located east of Harrison  Lake and northwest of Hope in
         south-western  British  Columbia  (Figure  1, UTM Zone 10,  Map  Sheets
         M092H0 43) and has recently been further  opened by logging  operations
         which provide new access to the region.  This has enabled the claims to
         be staked and made accessible for  prospecting.  Permitting for initial
exploration work has already been obtained.                   

         The entire Property consists of 6 unpatented  mineral claims staked and
         recorded by two post claims are contiguous. The complete list of claims
         delineating  the interests  Blast  Resource Inc. is found below and the
claims are displayed on Figure 1a.                            

Table 1. Blast Resource Inc.Claims

                                                        [Enlarge/Download Table]

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    Claim Name        Units       Record #      Expiry Date             Map Sheet                Locator       Agent for: *  
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                                             
      GARN 1            1          411676         Jun24/05               MO92H042           L.Stephenson           self      
-----------------------------------------------------------------------------------------------------------------------------
      GARN 2            1          411677         Jun24/05               MO92H042           L.Stephenson           self      
-----------------------------------------------------------------------------------------------------------------------------
      GARN 3            1          411678         Jun24/05               MO92H042           L.Stephenson           self      
-----------------------------------------------------------------------------------------------------------------------------
      GARN 4            1          411679         Jun24/05               MO92H042           L.Stephenson           self      
-----------------------------------------------------------------------------------------------------------------------------
      GARN 5            1          411680         Jun24/05               MO92H042           L.Stephenson           self      
-----------------------------------------------------------------------------------------------------------------------------
      GARN 6            1          411681         Jun24/05               MO92H042           L.Stephenson           self      
-----------------------------------------------------------------------------------------------------------------------------

TOTAL            6          UNITS                                 

In British Columbia, each unit equals 25 hectares.                              

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         All claims staked in British  Columbia require $100 worth of assessment
         work to be  undertaken  in Year 1,  followed by $200 per claim per year
         thereafter.   There  are  no  known  environmental  concerns  or  parks
         designated for any area contained  within the claims.  Harrison Lake is
         used extensively for  recreational  pursuits however it has no official
         designation. The property has no encumbrances.  As advanced exploration
proceeds there may be bonding requirements for reclamation.   

         The claims lie southwest of the Pacific  Nickel Mine leases (Figure 3).
         There  is  virtually  nothing  remaining  at  the  old  site  as  final
         reclamation  has been  completed.  The  tailings  have  grass and trees
         growing on the roads have been reclaimed,  all buildings and structures
         are gone with only cement  foundations  remaining;  and all underground
         operations  and open pits are closed off.  Blast  Resource has acquired
         outright,  a 100% interest in the property for a cash payment of $2,500
Cdn.                                                          

4.       ACCESS, CLIMATE, LOCAL RESOURCES AND  INFRASTRUCTURE                   

         Access to the  Property is from well  maintained  logging  roads on the
         south sides of the Property, from the town of Agassiz, British Columbia
         (Property  Location:  Figure 1). The area has been permitted for mining
         in the past and a major power line passes by the claims. The author had
         no difficulty accessing the claim blocks along any of the drainage road
networks covered by the claims with 4-wheel drive truck.      

         Topography  is rugged  rising from Harrison Lake at under 200 metres to
         the top of Settler  Peak at over 1800  metres.  The  valleys  are steep
         sided coastal alpine mountain type with typical rain forest  vegetation

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 7                        

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         of the  coastal  ranges of British  Columbia.  There is a mix of cedar,
         hemlock,  spruce trees with alder,  willow and  cottonwood on old roads
         and poorly  drained  areas.  Undergrowth  brush is typical  with salal,
         devil's club and assorted berry bushes.  Climate is also typical of the
         lower  mainland  area and is such that the lower and middle  elevations
         will be workable year round with little  difficulty.  Higher ground may
         require snow machines or similar track mounted vehicles.  The most snow
observed on roads while staking was 2 metres in late January. 

         All the major  river  drainages  flow year round as do many  subsidiary
         creeks.  Harrison Lake is an active logging region with plenty of heavy
         equipment  and  operators  available  for hire.  Most live in Harrison,
         Agassiz,  Mission,  Chilliwack or Hope.  All these  population  centres
         totalling  almost  50,000  people  are  within a one hour  drive of the
         project  and  provide  all  amenities   including  police,   hospitals,
         groceries,  fuel,  helicopter  services,  hardware and other  necessary
         items. Drilling companies are present in communities nearby while assay
facilities are located in Vancouver.                          

5.       HISTORY                                                                

         The first  indications  of a  significant  ore zone in the region  were
         discovered  in 1923  along  the  Stulkawhits  Creek  and by 1926 the BC
         Nickel  Company  had been formed to develop  the  prospect.  Subsequent
         exploration  through the 1920's and 1930's discovered the main open pit
         Pride  of Emory  zone  and led to  initial  mine  development  and bulk
         testing.  By 1936 a 22.7 ton sample  from the 1600  level was  reported
         carrying  2.74  grams per  tonne Pd and Pt and 0.68  grams per tonne Au
         while  earlier  samples were  reported 3.98 grams per ton Pt and Pd and
         7.89 grams per ton Au.  Further work was  curtailed by the Second World
         War and it was not until the 1950's  that  additional  exploration  and
         development  work was completed.  Reserves from this work were reported
         by A. Aho in 1954 to be 1.8 million  tons.  Full scale  production  was
achieved in 1958/59 by Pacific Nickel Mines Ltd.              

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 8                        

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         From  1959 to the  curtailment  of  operations  in 1974 a total  of 4.2
         million  tonnes of ore was mined and milled at the Pacific  Nickel Mine
         with a mill grade of 0.77 % Ni and 0.34% Cu with  "reported  grades" of
         Pt and Pd in the 0.6 grams per ton range.  The average for the ore pods
         listed in  government  records  were 1.19% Ni and 0.46% Cu.  Only minor
         values of the platinum group minerals were  "reported" from the smelter
         but in addition to the values reported above one sample from the "1500"
         pod  reported  2.85 grams per tonne Pt and 4.94 grams per tonne Pd (the
         sample type and  description is not  available).  The 0.1% Co grade was
         not paid for initially and payment for the 1% Cr is unknown.  The value
         of only the Ni/Cu ore recovered in today's prices would be in excess of
$455 million US.                                              

         In 1974/75 Giant Mascot - the successor company to Pacific Nickel Mines
         - embarked on a limited  exploration  program of the ultramafic belt to
         the  north  and west of the  mine  area  and of the  intrusive  Spuzzum
         Diorite. A regional contour soil, stream sediment survey was completed.
         Access was limited and Giant Mascot concentrated on the stream sediment
         anomaly to the west of the mine area defining a resource of 100 million
         tonnes grading 0.22% Ni and 0.22% Cu. This resource  figure is reported
         in  government  publications  but has no technical  data  available and
         parameters on its calculation, therefore it is regarded as speculative.

         The area has been surveyed by a Geological  Survey of Canadian airborne
         magnetic  survey (1972),  which  highlights the mine area as a distinct
         magnetic anomaly. Various magnetic high anomalies were not investigated
         at that time and most have been  covered  by the  current  staking.  No
         regional  government  geological mapping party has detailed the area. A
         government regional geochemistry survey has been completed and the data
         corresponds favourably within the staked claims and the mine site. More
         specifically,   the  drainages  covered  by  the  Property  all  report
         indicator minerals (Cu, Ni, Co, Cr) in the 50th -95th percentile.  This
is similar to the mine site drainage.                         

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 9                        

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6.       RECENT EXPLORATION WORK                                                

         Since the  commencement  of staking of the Harrison  Lake area numerous
         companies  have been engaged in  determining  access,  prospecting  and
         preliminary  geological  inspection  of the  property  and the old mine
         area.  Although  no  definitive  mapping  has been  completed,  general
         observations  and several  rock  samples  were taken during the initial
program on the adjacent properties.                           

7.       GEOLOGICAL SETTING                                                     

7.1      Regional Geology                                                       

         The Harrison  Lake area of the  ultramafic  belt is part of the Coastal
         Plutonic  Sequence  between the major suture structure along the Fraser
         River,  located  8 to 15  kilometres  to the  east  and the  geological
         province  of  Wrangallia  - which it  represents  as the  eastern  most
         portion - to the west.  This  terrain  is highly  metamorphosed  as the
         contact zone of the  Wrangallia  geologic  province  where it was being
rafted on to the North American Craton (Figure 2).            

         The ultramafic  belt as mapped by the Geological  Survey of Canada is a
         continuous  unit that extends from the Pacific Nickel Mine  re-emerging
         from the Spuzzum  Diorite  Intrusive and swinging north through Settler
         Mountain  and  beyond   towards   Breckenridge   Mountain  and  Glacier
         approximately  80 kilometres  to the north.  The belt is between one to
         over  five   kilometres  wide  and  intrudes  the  very  sulphide  rich

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 10                       

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         metasedimentary   rocks   equivalents  of  the   Chilliwack   Formation
         (Carboniferous or Permian age). These  metasedimentary rocks are marked
         by the rusty  character that is associated  with  distinctive  sulphide
gossan throughout the area.                                   

         The Spuzzum Diorite borders the entire east side of the ultramafic belt
         as  mapped  by   regional   government   geologists,   separating   the
         metasedimentary  (Chilliwack)  rocks  located along the Fraser River to
         the  east.  The  medium  grained   diorite  appears  to  be  relatively
         homogeneous  in  composition  with finer  grained and  coarser  grained
         phases.  The felspar  quartz  hornblende  composition  was recorded and
         observed in outcrop and boulders with an anorthosite phase noted in one
         area.  That felsic phase of the ultramafic belt has not been delineated
         to any extent or specifically  traced and its size and  relationship to
both the other ultramafics and diorite remains unknown.       

         Metasediment  (Chilliwack  equivalents)  assemblages are recorded along
         the west side of the  ultramafic  belt between it and Harrison Lake. As
         well, various granitic intrusions are reported in the region,  probably
related to the Coastal Igneous plutonic rocks.                

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 11                       

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8.       DEPOSIT TYPE                                                           

8.1      Pacific Nickel Mine (as summarized from A. Aho, 1956)                  

         As the most  comprehensive and proximal  exploration model, the Pacific
         Nickel Mine is a guide to what should be looked for in the  recommended
exploration program.                                          

         The area of the mine is hosted within  ultramafic  rocks with xenoliths
of metasediments within the diorite.                          

         The ultramafics  have  hornblendite  reaction zones up to 100 metres in
         contact  with the diorite  and appear to  represent  several  pulses of
         intrusive.  The ultramafic rocks contain minimal to no feldspar and the
         mafic  mineral  (olivine,  bronzite,  augite and  hornblende)  textures
suggest recrystallization.                                    

         The main structural  trend of the ore zones is  N75(Degree)W,  which is
         parallel  to the  internal  structure  of the  diorites,  the  internal
         arrangement of the  ultramafics  and the southwest  contact of them. It
         reflects the possible  presence of an older  structure of weakness that
   could be responsible for the introduction of the ultramafic body.

         In 1956 Aho reported  that the grade of the recovered ore averaged 1.4%
         Ni, 0.5 % Cu, 1 % Cr, and 0.1%  cobalt  with 0.02 ounces per ton Au and
         0.01 opt platinum metals occurring mainly with sulphides as pyrrhotite,
         pentlandite and chalcopyrite.  Magnetite appears to be an integral part
         of the  sulphide  system and with  olivine  forms cores of the sulphide
         grains. Pyrite appears to be a later replacement of the pentlandite and
in stringers within the ore.                                  

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         Supergene  alteration  minerals  of  limonite,  chalcocite,  covellite,
         violarite,  melanterite  and  morenosite  were  noted in the ore zones.
         Their  extent  outside of the ore was not noted but  possibly  excludes
them from being a significant exploration factor.             

         Disseminated   sulphide   mineralization   is  found   mostly   in  the
         southwestern   half  of  the  main  ultramafic  body  and  the  smaller
         subsidiary   ultramafic   bodies  to  the  south  and  southwest.   The
         peridotites and olivine  pyroxenites  appear to be the best mineralized
      with the former being the most prolific especially near the margins.

         Uralitization  is  widespread  throughout  the complex  represented  by
         actinolitic  alteration and steatitization . Serpentinization up to 50%
         accompanies  the  uralization in some of the  peridotites and along the
         cleavages and grain  boundaries in most of the  peridotites and olivine
         pyroxenites,    forming   deeply    weathered   soft   crumbly   rocks.
         Hornblendization has also been recognized in association with structure
and intrusive contacts.                                       

         All the alteration  features are closely related to structures  (joints
and faults) and contacts (dykes and intrusives).              

         The main mineralized zone trends  approximately 285(0) with a plunge or
         dip steeply to the north.  Most of the visible  fractures are post ore.
         Later work  identified  four main fault trends;  310(0)-315(0)  dipping
         50(0)-70(0)   northeast;   15(0)-30(0)  dipping  70(0)  to  either  the
         southeast or northwest;  350(0)-10(0)  dipping 55(0) to either the east
         or west;  and 330(0) - 30(0) dipping  20(0)-30(0) to either the east or
west.                                                         

         The  intersection  of the first two fault trend sets has been concluded
         to be the control of the ore zones  deposition.  Tectonic and intrusive
       breccia was found to be spatially related to several of the ore pods.

         Twenty-six  pods of massive  sulphide  were mined during the history of
         the  operating  mine  ranging in size from 3,000 tons to 807, 000 tons.
         The shoots were described as steeply  dipping  circular to ellipsoid in
         shape around the long axis of the structure and are 100 feet or more in
diameter with their depth extent 5 to 10 times that measure.  

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9.       PROPERTY GEOLOGICAL SETTING                                            

9.1      Garnet Creek Property Geology                                          

         The property is accessible by road up Garnet Creek.  The geology of the
         area of the  Property is based on  preliminary  identification  of some
         outcrops  and  interpreting  the  regional  mapping  completed  by  the
         government  as it relates to the claim areas (Figure 1a). New road cuts
         investigated by the author  displayed a complex  sequence of intrusives
and ultramafic dykes requiring follow-up.                     

         Ultramafic units and the Cogburn and Settler Schist and Intrusive units
         were  identified on the claims by  prospecting  and initial  geological
         mapping.  It  was  noted  that  these  units  are  all  related  to the
         mineralization  at the  B.C.  Nickel  Mine.  Ultramafic  boulders  were
         identified  and the sources of these  boulders are  juxtaposed  so that
         they cannot be related to Pacific  Nickel Mine and therefore  represent
potentially new mineralized areas.                            

10.      GEOPHYSICS                                                             

10.1     Regional Geophysics                                                    

         The area of the  claims  has been  covered  by a  Geological  Survey of
         Canada  airborne  magnetometer  survey  (Figure 3),  which  highlighted
         certain  broad,  highly  anomalous  magnetic  features.  These magnetic

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         "thumb print" features are very similar to the "thumb print"  signature
         related to that found  immediately  north of the  Pacific  Nickel  mine
         area.  The ore pods of the Pacific  Nickel  Mine are located  along the
         southern edge of the elliptical  magnetic  anomaly  associated with the
         mine  area's  ultramafic  intrusion.   Therefore,   a  logical  initial
         exploration  approach has been to follow-up in these areas with similar
geophysical imprints in the area of the claims.               

10.2     Geophysics of Claims                                                   

     No ground geophysical surveying has been reported for the Property.

11.      REGIONAL GEOCHEMISTRY                                                  

         Regional government stream sediment geochemical surveying was completed
         which  identifies  the Property as an area of very anomalous base metal
         and  indicator  values.  It  should  be noted  that  anomalous  values,
         including  those near the mine,  appear to correlate  with the magnetic
      highs identified in the 1972 government airborne geophysical survey.

         National geochemical reconnaissance surveys completed by the Geological
         Survey of Canada and the British Columbia  Ministry of Energy Mines and
         Petroleum Resources on stream sediment samples have published values in
         Cu, Ni, Co, and Cr for the drainages of the Property that  consistently
         identify  the region in the 70-90th  percentile  of  anomalous  samples
(Figures 4a & 4b).                                            

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12.      CONCLUSIONS                                                            

         The  Harrison  Lake   ultramafic   belt  provides  a  very   attractive
         exploration prospect for platinum group and Ni/Cu  mineralization.  The
         belt  has not  been  subjected  to  exploration  for at  least 25 years
         despite hosting one of British  Columbia's most profitable  Ni/Cu/Pt/Pd
         mines and Canada's  fourth largest mining area of these metals to date,
         following only the prolific Sudbury,  Ontario,  Thompson and Lynn Lake,
Manitoba areas.                                               

         Preliminary  exploration and research has identified the high potential
         of this  ultramafic  belt when compared to the ultramafic  terrane that
         hosts the Pacific  Nickel  Mine.  Locally the  ultramafic  rocks of the
         Property are very similar to those found at the Pacific Nickel Mine and
could have significant areas of mineralization.               

         It is concluded that detailed  exploration as recommended  could locate
         further  mineralized zones. This exploration will ascertain the various
         rock units and silt  sampling,  rock and soil  geochemistry,  will help
         evaluate the potential of the property. It is apparent that the belt of
         ultramafic   rocks  presently   being  explored   represents  a  unique
         situation:  there  exists a mine  model,  superb road access and a good
base information . Further work is warranted.                 

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15.      RECOMMENDED PROGRAM                                                    

         A detailed  program (Phase I) of geological  review and  exploration is
      proposed to develop a detailed geological base model for the claims.

         Both  Phase I and  Phase  II are  necessary  to  complete  the  initial
     evaluation of the Property and to select drill targets (Phase III).

16.      BUDGET                                                                 

         The  initial  phase of  exploration  for the  claims  will  consist  of
         detailed  geological  mapping of all roads within and  buttressing  the
         claims and silt  sampling of every  drainage or draw (soil  sampling if
         necessary).  This  work is  important  in  establishing  the  base  and
         anomalous  geochemical  values and the  structural  implication  of the
drainages as faults or contacts.                              

         The Phase I budget will cover detailed geological  mapping;  silt (soil
         if  necessary)   geochemical   sampling  of  defined   drainages;   and
 prospecting. It is estimated to cost $5,000 as described below.

                                                        [Enlarge/Download Table]

Budget - Phase I                                                                     
                                                                                     
         1.       Senior Geologist       4 days @ $500/day                   $  2,000
         2.       Geological technician  4 days @ $250/day                   $  1,000
         3.       Equipment rental       1-4 wheeldrive vehicles @$85/day    $    340
                                          Fuel, Food, Field Supplies         $    800
                                          Assays   15 @ $20 each             $    300
                                          Report                             $    500
                                          Filing Fees                        $     60
                                                                           ----------
         Subtotal                                                            $  5,000

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Phase II                                                                        

1.       Follow-up Geochem and Detailed Geology sampling              $   3,000 

2.       Assays 75 @ $20 per assay                                    $   1,500 

3.       Contingency                                                  $     500 

        GRAND TOTAL - Phase I                                        $   5,000

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 18                       

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17.      Statement Of Qualifications                                            

  I, George E. Nicholson, of 21910 - 61st Avenue, Langley, British
Columbia hereby certify that:                                 

       1.       I am a graduate of the University of British Columbia with a
degree in Geology (B.Sc.,  1986);           

     2.       I have practiced my profession as a Geologist continuously
since graduation;                           

    3.       I am a director of Garex International Exploration Corp.;

         4.       I am a member of the Association of Professional Engineers and
                  Geoscientists of the Province of British Columbia (No. 19796);

      5.       I am a Fellow of the Royal Geographic Society (No. 423161);

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

       7.       I have no interest, direct or indirect, in the properties or
           common shares of Blast Resources Inc.,  nor do I expect
to receive any;                             

   8.       I have been involved in exploration of Harrison Lake and
         surrounding ground since claim acquisition commenced;

        9.       I have read National Policy Instrument 43-101 and Form 43-101
                  F1 and this technical report has been prepared in   accordance
with this policy and form; and,             

       10.      I hereby grant my permission for Blast Resources Inc. to use
               this Report for any corporate use normal to their business.

                  DATED at Vancouver, British Columbia this 4th day of February,
2005.                                       

/s/ George E. Nicholson                     
------------------------------------        
George E. Nicholson, P.Geo., FRGS           

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 19                       

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18.      References                                                             

      Aho, A.                    "Geology and Genesis of Ultramafic Nickel
                                 Copper Pyrrhotite Deposits at the Pacific
                             Nickel Property, Southwestern British
                                    Columbia": Economic Geology, v 51 p444 - 481

      Minefile Capsule Geology and Bibliography; 092HNW041;    092HNW 040;
                             092HNW 045;  092HNW058;  092HNW  070;
                            092HNW073;   092HNW076;   092HSW004;
 092HSW081

       Ministry of Energy, Mines and Petroleum Resources , British Columbia;
                        Open File Report 1990-27 p43 -47

  Vining, Mark R.            Regional Setting of Giant Mascot Mine
                              (92H/5W, 6E) Geological Fieldwork 1975
             Paper1976 -1  p 49-52

       Monger, J.W.H.             Hope Map Area, West Half (92HW1/2) British
                                 Columbia, q Geological Survey  of Canada,
                Paper 69-47, Pages 63-64

         Ministry  of Energy,  Mines and  Petroleum Resources, British Columbia;
                                    various presentation notes and slides on the
      BC Nickel Mine

    Schroder, T.               Ministry of Energy, Mines and Petroleum
                             Resources, British Columbia; District
                      Geologist, pers. Communication

      Christopher, P.            Consultant; Pers. Communication. From his
                            work "Giant Mascot Mine," Geological
                               Fieldwork 1974 Paper 1975-2 pages 17-21

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 20                       

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        Ministry of Energy , Mines and Petroleum Resources , British Columbia;
                              Summary - Giant Mascot(Pacific Nickel,
                                British Columbia Nickel) 1986-87 p 30-33

         Department                 of Energy,  Mines and Resources,  Geological
                                    Survey of Canada; Open File 2948a - Tectonic
                                    Assemblage Map of Vancouver Open File 2490 -
                                    Guide to the Geology and Tectonic  Evolution
                                    of the  Southern  Coast  Mountains  -  1994,
                                    Preliminary  Map - Terranes of the  Southern
                                    Coast  and   Intermontane   Belts,   British
                                    Columbia  1994,  Journeay  J. M. and Monger,
                                    J.W.H Geology Maps 12 -1969; 1386A; 41 -1989
                                    Aeromagnetic   Maps:  8534G  Harrison  Lake;
                                    8538G -Hope;  8539G Mount  Urquahart;  8540G
                                    Scuzzy Mountain;  8535G Spuzzum,  RGS 1994 -
                                Hope Regional Geochemical Survey, RGS 39

        Clarke W.E (1969)          Geology and Ore Control, Giant Mascot Mines
                                 Ltd. Western Miner, Volume 42 #6 p. 41-46
                                     -----------------------------------

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Appendix 1:  Regional Showings                                                  

                                                        [Enlarge/Download Table]

------------------------------------------------------------------------------------------------------------------------------
    Number               Names              Status        Commodities        NTS/Maps      Lat/Long.         Deposit Types    
------------------------------------------------------------------------------------------------------------------------------
                                                                                                                              
    092HNW001             GEM,            Developed        Molybdenum        092H12E      49 42 42 N     Porphyry Mo (Low F-  
                          MEG,             Prospect          Copper                       121 43 11 W           type)         
                          HLM,            Inventory           Zinc                                                            
                          SASH,             Report          Tungsten                                                          
                      BAILEY GROUP                           Bismuth                                                          
------------------------------------------------------------------------------------------------------------------------------
    092HNW006             WREN             Showing            Gold           092H12E      49 44 03 N                          
                                                                                          121 43 24 W                         
------------------------------------------------------------------------------------------------------------------------------
    092HNW020          QUEEN MINE,         Prospect          Silver          092H11W      49 34 34 N                          
                      QUEEN (L.63)                            Gold                        121 26 48 W                         
------------------------------------------------------------------------------------------------------------------------------
    092HNW028          YALE CREEK          Showing         Sillimanite       092H11W      49 34 00 N     Kyanite-sillimanite  
                                                                             092H12E      121 30 00 W          schists.       
------------------------------------------------------------------------------------------------------------------------------
    092HNW030          PROVIDENCE       Past Producer         Gold           092H12W      49 37 19 N       Au-quartz veins.   
                        (L.1737),         Production         Silver                       121 56 56 W     Epithermal Au-Ag:   
                       SILVER BELL          Report                                                         low sulphidation   
                        (L.1738),                                                                                             
                       ELIZABETH 1                                                                                            
------------------------------------------------------------------------------------------------------------------------------
    092HNW040              AL              Showing           Copper          092H12E      49 33 22 N          Tholeiitic      
                                                             Nickel                       121 43 05 W      intrusion-hosted   
                                                                                                                Ni-Cu         
------------------------------------------------------------------------------------------------------------------------------
    092HNW041              OX,             Showing           Copper          092H12E      49 30 39 N           Fe skarn       
                         SCUZZY,                              Gold                        121 38 44 W         Cu skarn.       
                         SCRUNGY                             Silver                                           Au skarn.       
------------------------------------------------------------------------------------------------------------------------------
    092HNW044             PIPE,            Showing           Copper          092H11W      49 36 30 N     Porphyry Mo (Low F-  
                          JAY,                             Molybdenum                     121 27 49 W           type).        
                      SAWMILL CREEK                           Zinc                                                            
------------------------------------------------------------------------------------------------------------------------------
    092HNW045        SETTLER CREEK,        Showing           Nickel          092H12E      49 33 39 N          Tholeiitic      
                           NI,                               Copper                       121 39 19 W      intrusion-hosted   
                         ZONE 4                                                                                 Ni-Cu.        
------------------------------------------------------------------------------------------------------------------------------
    092HNW046           CITATION,          Showing           Nickel          092H11W      49 30 53 N          Tholeiitic      
                      MORGAN GROUP                           Copper                       121 27 08 W      intrusion-hosted   
                                                              Zinc                                                            
------------------------------------------------------------------------------------------------------------------------------
    092HNW057         GORDON CREEK         Showing          Asbestos         092H11W      49 32 52 N      Ultramafic-hosted   
                        ASBESTOS                            Chromium                      121 27 01 W         asbestos.       
                                                                                                          Podiform chromite.  
------------------------------------------------------------------------------------------------------------------------------
    092HNW058         HARRISON LAKE        Showing          Asbestos         092H12E      49 32 20 N      Ultramafic-hosted   
                        ASBESTOS                                                          121 44 12 W         asbestos.       
------------------------------------------------------------------------------------------------------------------------------
    092HNW064             HOPE             Showing          Graphite         092H12W      49 30 50 N       Microcrystalline   
                                                                                          121 45 42 W         graphite.       
                                                                                                          Crystalline flake   
                                                                                                               graphite       
------------------------------------------------------------------------------------------------------------------------------
    092HNW070          NORTH FORK          Prospect          Copper          092H12E      49 34 33 N        Besshi massive    
                                                              Zinc                        121 44 50 W       sulphide Cu-Zn    
                                                             Silver                                                           
                                                              Gold                                                            
------------------------------------------------------------------------------------------------------------------------------
    092HNW073         COGBURN CREEK        Showing           Kyanite         092H12E      49 34 13 N     Kyanite-sillimanite  
                                                           Sillimanite                    121 39 30 W          schists        
------------------------------------------------------------------------------------------------------------------------------
    092HNW076             JASON            Showing           Nickel          092H12E      49 32 56 N          Tholeiitic      
                                                             Copper                       121 41 35 W      intrusion-hosted   
                                                            Chromium                                            Ni-Cu.        
------------------------------------------------------------------------------------------------------------------------------
    092GNW071         RAVEN BLACK,      Past Producer        Granite         092G12W      49 36 00 N      Dimension stone     

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HARRISON LAKE MASSIVE SULPHIDE PROJECT            PAGE 22                       

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                                                        [Enlarge/Download Table]

------------------------------------------------------------------------------------------------------------------------------  
    Number               Names              Status        Commodities        NTS/Maps      Lat/Long.         Deposit Types      
------------------------------------------------------------------------------------------------------------------------------  
                                                                                                                                
                    GRANITE CREATIONS                    Dimension Stone     092G12E      121 37 00 W          granite.         
                                                          Building Stone                                                        
------------------------------------------------------------------------------------------------------------------------------  
    092HSW004        PRIDE OF EMORY,    Past Producer        Nickel          092H05E      49 28 30 N          Tholeiitic        
                     PRIDE OF EMORY       Production         Copper          092H06W      121 30 46 W      intrusion-hosted     
                        (L.793),            Report           Cobalt                                             Ni-Cu           
                     PRIDE OF EMORY       Inventory           Gold                                                              
                          MINE,             Report           Silver                                                             
                      GIANT NICKEL,                         Chromium                                                            
                     PRIDE OF EMORY                         Platinum                                                            
                      NO.2 (L.794),                         Palladium                                                           
                       DISCOVERY,                             Zinc                                                              
                      GIANT MASCOT,                                                                                             
                      B.C. NICKEL,                                                                                              
                     PACIFIC NICKEL,                                                                                            
                     WESTERN NICKEL,                                                                                            
                         ZOFKA,                                                                                                 
                    GIANT NICKEL MINE                                                                                           
------------------------------------------------------------------------------------------------------------------------------  
    092HSW024          IDEAL GOLD          Showing           Copper          092H06W      49 25 09 N       Au-quartz veins.     
                                                              Gold                        121 26 16 W                           
                                                             Silver                                                             
------------------------------------------------------------------------------------------------------------------------------  
    092HSW081              NI,             Prospect          Nickel          092H05E      49 29 49 N          Tholeiitic        
                         NI 752,                             Copper                       121 39 28 W      intrusion-hosted     
                           AL,                                                                                  Ni-Cu.          
                           OX,                                                                                                  
                          COG,                                                                                                  
                         COGBURN                                                                                                
------------------------------------------------------------------------------------------------------------------------------  
    092HSW082            SWEDE,            Showing           Nickel          092H06W      49 26 00 N          Tholeiitic        
                          BEA,                               Copper                       121 29 56 W      intrusion-hosted     
                          GIANT                                                                                 Ni-Cu           
------------------------------------------------------------------------------------------------------------------------------  
    092HSW093       STAR OF EMORY 3,    Past Producer        Nickel          092H05E      49 28 08 N          Tholeiitic        
                     PRIDE OF EMORY,                         Copper                       121 32 16 W      intrusion-hosted     
                   GIANT NICKEL, STAR                       Chromium                                            Ni-Cu           
                   OF EMORY (L.1414),                         Gold                                                              
                       BRUNSWICK,                           Platinum                                                            
                      GIANT MASCOT                          Palladium                                                           
------------------------------------------------------------------------------------------------------------------------------  
    092HSW125         CHOATE, GIANT     Past Producer        Nickel          092H06W      49 29 02 N          Tholeiitic        
                      NICKEL, GIANT                          Copper                       121 29 00 W      intrusion-hosted     
                         MASCOT                             Chromium                                            Ni-Cu.          
                                                             Cobalt                                                             
------------------------------------------------------------------------------------------------------------------------------- 
    092HSW138          GOLDEN BEAR         Showing           Copper          092H05W      49 28 37 N      Porphyry Cu +/- Mo +/-
                                                           Molybdenum        092H05E      121 45 17 W             Au            
                                                                                             SKARN                              
------------------------------------------------------------------------------------------------------------------------------- 
    092HSW143          ZOFKA RIDGE         Showing         Sillimanite       092H05E      49 27 00 N     Kyanite-sillimanite    
                                                             Garnet                       121 31 00 W          schists          
------------------------------------------------------------------------------------------------------------------------------- 

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