12 Exploration Commences Fully Funded Gold Exploration Program at the Nassau Gold Project in Suriname - Seite 2

The current phase of exploration at Nassau will be concentrated on four northwest-trending structures defined by gold-bearing surface rock samples, concentrated placer gold mining of gold-bearing alluvium, and other northwest trending structures (see Exhibit 2).

Marinara Target
The Marinara Target (Exhibit 2) is the probable source of gold in the vast Witlage, Bamboo, and Bowl gold placers that have been mined for over a century by informal miners. The target is on a northwest-trending structure that captures the Sabajo gold deposit 25 kilometres to the northwest and the Rosebel gold deposit 60 kilometres to the west. Widely spaced, hollow stem auger drill holes drilled in 2015 and subsequent geologic mapping, defined a prospective stratigraphic horizon which is believed to control much of the gold concentrations at the Rosebel gold mine. Gold mineralization also has been documented along this horizon on the Nassau property in the Witlage Target.

An exploration grid consisting of 23 kilometers of baseline and cross lines, covering 2 square kilometres, or 200 hectares, is planned for this target and an orientation geochemical survey to determine the most appropriate method of gold analysis will be completed in conjunction with a power auger drilling campaign. It is anticipated that approximately 1,500 metres of auger drilling will be completed at this target. Geochemical anomalies would be quickly followed up with diamond drilling.

Pici Target
The Pici Target (Exhibit 2) is on the northeast edge of the Witlage gold placer, the largest placer gold deposit on the property. In 2018, prospectors establishing an access trail discovered a boulder field of quartz veins with anomalous gold in rock samples. The quartz boulders are secondary silica alteration, a good indication of prospective hydrothermal alteration that may be associated with bedrock gold mineralization and thought to be the source of gold in nearby placer gold deposits. The size of the boulder field is at least tens of metres in diameter but has yet to be defined and properly sampled by a geologist. An exploration grid consisting of 23 kilometres of baseline and cross lines, covering an area of 2 square kilometers or 200 hectares, will be completed and followed up by geological mapping and auger sampling. Geochemical anomalies would quickly be followed up with diamond drilling.