t Gold Over 13.7 m - Seite 2

Figure 1: Plan view map of 2019 and 2020 drilling of the Blueberry Zone, illustrating the locations of the 11 holes drilled during the 2020 field season, key intercepts, and the projection of the newly discovered N-S mineralizing trend.

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Drill holes SR20-40 and -45 were designed confirm that the high-grade mineralizing trend continues to the south of the north-north east oriented Blueberry vein. These two short holes (42.5 and 54.4 metres, respectively) were drilled at -45°, and intercepted near surface mineralization including 67.9 g/t gold and 10.2 g/t silver over 1.93 meters.

Drill hole SR20-48 was designed to test the northern continuity of the N-S trend, as well as the potential extension of the Blueberry Vein structure. The hole successfully intercepted two distinct, high-grade mineralized intervals – correlating well with the targeted structures (Figure 1). At just 18 metres downhole, the interval associated with the N-S structure consisted of strongly sheared and altered quartz-carbonate veins with pyrrhotite stringers occurring parallel to shear fabric, exhibiting pervasive sericite and patchy chlorite alteration; the interval graded 35.8 g/t gold over 2.33 meters. From 56.67 until 70.35 metres an interval hosting a massive, strongly sheared pyrrhotite-carbonate vein was intercepted, located on strike from the projected Blueberry vein, and graded 8.96 g/t gold over 13.68 metres.

Preliminary results from the 2020 mapping and sampling program include numerous high-grade grab samples occurring along a broad N-S trend, south of the Blueberry Vein (Table 2, Figure 2). These results, coupled with multiple historically sampled high-grade showings to the north of the vein (Figure 2), suggest that the potential strike length of the mineralizing trend exceeds 800 meters. Many of the high-grade gold samples are associated with very strong cobalt mineralization, with values in excess of 1% Co (Table 2). Over 60 grab samples from the Blueberry Zone are still pending assay results.

Figure 2: Plan view map illustrating the location of the recent 2019/2020 drilling relative to the N-S trend of high-grade surficial samples.

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