HOTSPOT

No Underlying Royalties or Property Payments, 100% owned. Located in the White Gold District.

Hot Spot is brand new, grassroots high-grade gold discovery in an underexplored part of the Yukon Territory

Staked by Golden Sky Minerals in 2017
Located 25 km south of the Tanacross Cu, Mo, Au porphyry deposit (360,000 oz Au) currently being explored by Kenorland/Freeport McMoRan joint venture.
Located 100 km northwest of Newmont Goldcorp’s 5 million oz Coffee Deposit located in the Yukon’s relatively new White Gold District.

GEOLOGY
- – Surface Mineralization hosted in an altered rhyolitic tuff are consistent with a low sulphidation epithermal environment

TRENCHING
- – 0.42 g/t Au over 44mincluding 2.44 g/t Au over2m
- – Drill Ready on bedrock

Epithermal Gold Deposits tend to form in shallow environments like “hotsprings” and along structural corridors (cracks) in proximity to large magmatic intrusions and volcanoes
These magmatic intrusions may also serve as the source of Gold and Silver and develop as Cu+/-Au+/-Mo endowed porphyry deposits below the surficial epithermal gold deposit
Gold within Low to High sulphidation epithermal tends to form along pyrite grains as fine disseminations throughout the rocks to higher grades associated with quartz veins
Deposits are typically well endowed with Au+/-Ag (in some cases they can include Cu, Pb and Zn) from 1-10+ Moz of gold

Round Mountain (Historic ownership Barrick-Kinross):
- A large bulk tonnageLow Sulphidation Epithermal Deposit containing 10 Moz of Goldlocated in Southern Nevada
- Is one of the largest open pit operations in the world and contains pockets of some of the highest grade gold mined in the world
- Goldis hosted throughout a permeable rhyolitic tuff and can occur within some of the pockets of “Bonanza” grades in quartz veins

Oxidation along quartz-gold bearing veinlets (Round Mountain)

High Grade “Bonanza” quartz-gold vein (Round Mountain)

Comparing to Round Mountain
- • Gold hosting rocks on the Hot Spot discovery are analogous with the younger volcanic rocks at the Round Mountain Gold Deposit.

Auriferous limonitic crystal tuff

(0.42 g/t Au over 44m)

Auriferous limonitic crystal tuff

Low sulphidation epithermal at surface with potential buried porphyry at depth
Indicated batholith at depth by a large gravity low, believed to be the same one observed under the Kenorland/Freeport Taurus deposit
High magnetic anomaly identified on Hot Spot identical to magnetic anomalies observed on Tanacross and the Pebble properties
Pb, Cu, Zn, Ag, Au geochemistry on the Hotspot property is likely peripheral to a porphyry-related mineralization similar to the Kenorland/Freeport adjoining Tanacross property

Analogues

Original New Discovery
Strongly prospective geologic terrane with strong potential to a host Low Sulphidation Gold and buried porphyry deposits
Geophysical signatures similar to local significant prospects within the region
Property Geology and Geochemistry consistent with Low Sulphidation and Porphyry Models
2020 Phase 1 Reverse circulation drill program complete with a discovery hole (HSRC 20 02) that assayed 1.34 g/t Au over 71.6m including 7.72 g/t Au over 6.09m

Phase 2: Planned program of Reverse Circulation and Diamond Drilling
- A 2,000 3,000m RC and diamond drilling program to test shallow and deep low sulphidation gold mineralization, as well as for potential buried porphyry systems.