GOLDSTRIKE

Goldstrike

Goldstrike is a Carlin-style, sedimentary rock-hosted (Carlin-style) gold property located in Washington County, southwest Utah (50 km northwest of St. George), with a stratigraphic and structural setting and gold mineralization similar to other Carlin-style gold systems in the Great Basin.

Goldstrike was an oxide, heap leach mine from 1988 to 1994. It produced ~209,000 ounces of gold and ~197,000 ounces silver from 8 million tonnes of ore at an average grade of 1.2 g/t gold from 12 shallow pits and closed due to low gold prices and lack of space on the leach pads.

A 15,000 m RC drill program is planned from May to September 2021 with a goal to convert inferred gold ounces as classified in the current resource estimate to indicated, and to continue to de-risk and add value to the project. We will also continue with environmental baseline work and identifying process water sources. The 2021 exploration program and budget at Goldstrike is $3.06 million.