NOTCHES PROPSPECT

Notches Prospect

The Notches prospect is a 5 km long and 1 km wide, northwest-southeast trending outcrop ridge located 3 km to the southeast of Aamurusko. Prospecting led to multiple gold showings in quartz sub-outcrop. The Notches area is host to an interbedded sequence of mature siliceous sandstones and conglomerates with late cross-cutting mafic to ultramafic and lamprophyre dykes. The southwestern contact is hosted by a suite of mafic to ultramafic volcanic and intrusive rocks and mafic conglomerates but is not well constrained due to lack of exposure. The northeastern contact is possibly intrusion/fault related with an unconformable suite of ultramafic rocks.

Approximately 2,650 grab samples with an average grade of 2.2 g/t Au have been collected from boulders, sub-crops and outcrops. In addition to prospecting and mapping, 27 trenches have been excavated and 6 drill holes have been completed at Notches.

In the area of trench NOT1817 gold mineralization is hosted within a 5-10 m wide conglomerate unit with 1-15 % disseminated sulphides (pyrite-pyrrhotite-chalcopyrite-galena and locally visible gold) and altered by silica, hematite, iron oxide and carbonate. The conglomerate is also cross-cut by flat and steep gold- bearing quartz veins.

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Channel sampling highlights from Notches:

• 3.20 g/t Au over 4.40 m including 8.94 g/t Au over 0.87 m (Trench NOT1817)
• 3.54 g/t Au over 0.60 m (Trench NOT1817)
• 109.50 g/t Au over 0.25 m (Trench NOT1803)
• 20.30 g/t Au over 0.31 m (Trench NOT1803)
• 7.03 g/t Au over 0.93 m (Trench NOT1814)

Drilling highlights from Notches:

• 2.99 g/t Au over 2.10 m from 31.40 m (Drill hole NT18005)
• 20.30 g/t Au over 0.65 m from 27.40 m (Drill hole NT18006)