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Gold

The potential of gold mineralisation in these tenements is considered high as the interpreted Archean and Proterozoic geological ages and structural setting is similar to many orogenic belts containing gold deposits elsewhere in the world. To further our aim of understanding this potential two phases of selected soil samples (one in eight of every regional soil) collected for XRF base metal analysis were sent to ACME labs in Vancouver for Au and other pathfinder element analyses.

8 samples assayed for Au with priority anomalies highlighted. Figure 1: 1 in 8 samples assayed for Au with priority anomalies highlighted.

5 strong new anomalies up to 500 ppb Au shown in yellow on Figure 1 have now been identified which will be infilled using more of the existing XRF soil samples to determine their robustness.

Infill soil re-assaying within these new anomaly areas is underway and once completed a new RAB program to test these anomalies if they are confirmed is planned.

The Oguk Au and As anomaly was identified via the first phase of 1 in 8 lab testing in in 2013 and drilled with shallow RAB in 2014. The drilling did not extend far enough to test the peak of the gold anomaly. Figure 2 shows the Oguk As in soil anomaly in the regional data and Figure 3 the detail.

Regional Soils. Figure 2: As in regional soils. (As used as pathfinder for gold).

Oguk Au and As in soils with reconnaissance RAB lines. Figure 3: Oguk Au and As in soils with reconnaissance RAB lines.

Figure 4 shows the Au and the AuBi association which highlights a specific lithostructural corridor.

soils Au showing anomalies and Au/Bi corridor. Figure 4: 1 in 8 soils Au showing anomalies and Au/Bi “corridor”.