HANDCAMP GOLD SILVER PROJECT

1. THE HANDCAMP PROPERTY

The Handcamp Property is located in central Newfoundland, 13km south of the town of South Brook and approximately 1km east of the Trans-Canada Highway (Figure One). The Handcamp Property covers much of the northern part of the central Buchans‒Roberts Arm belt that is well known as the host of several past producing mining operations including the famous and rich Buchans polymetallic mine located approximately 80 km south west of the Handcamp Property. From 1928 until its closure

in 1984 the Buchans mine is reported to have produced 16.2 million tonnes with average grades of 14.51% zinc, 7.65% lead, 1.33% copper, 126 g/t Ag, and 1.37 g/t Au.

Also in the central Buchans-Roberts Arm belt and approximately 2km south of the Handcamp Property boundary, the Gullbridge deposit was discovered in 1905 along the western shore of Great Gull Lake. The Gullbridge deposit went into production in 1967 and operations ceased in 1972. Three million tonnes averaging 1.1% copper had been produced. Zinc, gold and silver were reportedly present in the sulphide mineralization but were not recovered.

Figure One – Location of the Handcamp Gold & Silver Property and also the Company’s Brady Gold Property. Map is adapted from a Newfoundland government pamphlet entitled: GOLD and dated February 2021.

HANDCAMP GOLD & SILVER PROJECT

BRADY GOLD PROJECT

The major occurrence at the Handcamp Property is a rusty weathering, structurally bound, linear altered and gossan zone up to 50m wide, mapped for 1.2km along strike and drilled to a vertical depth of up to 190m. The mineralization is hosted within mafic volcanic rocks and associated iron formation. The zone dips steeply to the west. Reportedly, the bulk of the mineralized zone is the intensely altered toquartz‒muscovite (± fuchsite) ‒pyrite‒magnetite. Mineralization consists of pyrite, chalcopyrite, sphalerite, minor galena and gold.