EXLPOITS PROJECT

Exploits Project*

Buchans holds three properties totaling 8.25 km² (Exploits Properties) within and adjacent to New Found Gold’s Queensway project. New Found Gold is currently undertaking a 100,000 m drill campaign within its Queensway gold project in central Newfoundland. To date, New Found Gold have announced initial high-grade drilling results including intercepts of 93 g/t Au over 19 m (core length) from their Keats Zone (New Found Gold news release dated January 28, 2020), and 41.2 g/t Au over 4.75 m (core length) from the nearby Lotto Zone (New Found Gold news release dated October 2, 2020).