Overview

The Company is focused on its 100% owned Lingman Lake Gold Project and regional exploration of its property located in Northwestern Ontario. The huge property package hosts multiple regional gold discovery potential. The property is over 24,000 hectares, 32 km EW strike distance covering approximately 85% of the entire Lingman Lake Greenstone Belt.

The Company has recently finalized the update of its geologic model encompassing all the recent drilling and the 1980's drilling activity. The updated model shows the extensive high-grade mineralization (greater than 5g/t) and has added zones of moderate grade mineralization (> 2 g/t and < 5g/t) which was never a focus of past exploration efforts despite being less than 200 meters from surface. The updated model provides us with a data rich package identifying areas of interest and has allowed us to design an efficient 2024 drill program that will enable us to reach our goal of publishing an initial NI 43-101 early in calendar 2025.

While the near-term activity is focused around the original Lingman Lake property the land package has significant regional opportunities for the Company to explore. Airborne geophysics and data compilation work completed in 2021 on the entire land package identified over 14 high-potential targets indicating the potential for multiple gold occurrences warranting follow-up.