JR Zone

  • Contains mineralized near-surface breccia and porphyry (Cu, Au, Mo, Ag), consistent Copper mineralization with associated strong molybdenum grades found throughout.
  • The area is characterized by extensive fracturing and veining containing chalcopyrite, pyrite and molybdenite along with quartz, carbonate, biotite and chlorite.
  • The Company believes that the JR Zone’s current footprint of copper mineralization is 1.5 km long and 550 m wide (open), based on reconnaissance MMI soils lines and historical data compilation completed.

Jogran Target

  • The Jogran Porphyry is a quartz monzonite porphyry intrusion with a distinct alteration and mineralization style consistent with alkalic porphyry copper-molybdenum mineralization.
  • Two drill holes were completed at Jogran Porphyry in 2023. Drill holes J-23-01 (342 m @ 0.23% Cu Eq (8 to 350 m) and J-23-02 (197 m @ 0.35% Cu Eq (4 to 201 m) including 21 m @ 1.04% Cu Eq (5 to 26 m) within 95 m @ 0.51% Cu Eq (4 to 99 m) were tested in the vicinity of historical drill holes JDH-13 and JDH-16 to confirm historical results near surface and to extend the mineralization at depth. Both drill holes intersected broad zones of copper mineralization.
  • Copper and molybdenum mineralization extends into the altered mafic volcanics, confirming the potential of higher-grade copper mineralization to the southwest.

Richards Breccia Target

  • Located 1 km west of the Jogran Porphyry, the Richards Breccia target is a Cu/Au/Ag bearing breccia body that is open both laterally and at depth.
  • Five drill holes were recently completed at Richards Breccia and vicinity in 2023. Drill holes R-23-01 (63 m @ 1.17% Cu Eq (76.37 to 115 m) and R-23-04 (50.17 m @ 1.00% Cu Eq (79 to 129.17 m) tested the historical results of ARD98-07 and AR97- 25 at depth and successfully extended the breccia 50 to 60 metres vertically below known mineralization.
  • IP data shows a larger chargeability high extending to the south and a new chargeability high target to the northwest.

The 2023 Drill Program

The 2023 Drill Program

  • The 2023 drill program tested the Jogran Porphyry and Richards Breccia targets which are approximately 1 km apart.
  • 7 drill holes totalling 1,250 metres.
  • Designed to test the extent and continuity of the mineralization encountered in previous historical exploration by Jogran Mines and Aurogin Resources.
  • The Richards and Jogran targets are two of nineteen targets in the greater JR Zone area, based on the ongoing compilation of historical and current exploration data. The Company believes the JR Zone has the potential to deliver multiple larger porphyry and breccia-hosted discoveries.

Highlights include:

Richards Breccia

R23-01: 38.63 m @ 1.17% Cu Eq (76.37 to 115 m)

R23-04: 50.17 m @ 1.00% Cu Eq (79 to 129.17 m)

Jogran Porphyry

JR-23-01: 342 m @ 0.23% Cu Eq (8 to 350 m)

JR-23-02: 197 m @ 0.35% Cu Eq (4 to 201 m) including 21 m @ 1.04% Cu Eq (5 to 26 m) within 95 m @ 0.51% Cu Eq (4 to 99 m)

Table 1: Richards Breccia Select Intercepts

Richards Breccia Select Intercepts

Table 2: Jogran Porphyry Select Intercepts

Jogran Porphyry Select Intercepts

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