Rackla Gold Property

Osiris Project

Highlights

  • Inferred Mineral Resource of 1,685,000 ounces of gold at 4.23 g/t (in 12.4 Mt)
    • including a pit-constrained resource of 1,055,000 ounces of gold at 4.08 g/t (in 8.0 Mt)
  • Globally competitive discovery cost of CDN $32/oz of gold*
  • Discovery rate of 21 ounces gold per metre drilled
  • The Carlin-type Osiris Project Mineral Resource is made up of 4 zones: Conrad, Osiris, Sunrise and Ibis
  • Completed 91,625 m in 273 diamond drill holes on the Osiris Project
    • ~8,000 m of step out drilling completed in 2018 subsequent to maiden resource
  • All zones outcrop at surface and remain open in multiple directions
Gold Cut-Off Tonnes Grade (Au g/t) Gold (oz)
Pit-Constrained 1.30 g/t 8,045,000 4.08 1,055,000
Underground 2.60 g/t 4,335,000 4.52 630,000
Total Inferred Mineral Resource 12,380,000 4.23 1,685,000

NI 43-101 Technical Report for the Osiris 2018 Resource Estimate

Osiris Diamond Drill Results

Conrad Zone

Highlights

  • Conrad Zone contains 1,290,000 ounces of gold at 4.15 g/t Au (in 9.7 Mt)
  • Completed 54,609 m in 134 diamond drill holes
  • Highlight diamond drill hole intersected 42.93 m of 18.44 g/t gold from 66.19 m in OS-12-114
  • Mineralization at Conrad is hosted within silty limestones and is concentrated along an anticlinal fold hinge, faults and lithologic contacts
  • Deposit footprint is approximately 850 x 350 m and is open along strike at depth
Conrad Mineral ResourceGold Cut-OffTonnesGrade (Au g/t)Gold (oz)
Pit-Constrained1.30 g/t6,487,0004.00835,000
Underground2.60 g/t3,174,0004.46455,000
Total Inferred Mineral Resource9,661,0004.151,290,000

Osiris Zone

Highlights

  • Osiris Zone contains 122,000 ounces of gold at 4.21 g/t Au (in 901,000 t)
  • Completed 17,960 m in 67 diamond drill holes
  • Highlight diamond drill hole intersected 65.20 m of 4.65 g/t gold from 56.08 m in OS-10-001
  • Mineralization is stratabound and is concentrated along the contacts between limestone, dolostone and mudstone
  • Deposit footprint is approximately 800 x 50 m and is open along strike and at depth
Osiris Mineral ResourceGold Cut-OffTonnesGrade (Au g/t)Gold (oz)
Pit-Constrained1.30 g/t474,0004.6170,000
Underground2.60 g/t427,0003.7952,000
Total Inferred Mineral Resource901,0004.21122,000

Sunrise Zone

Highlights

  • Sunrise Zone contains 137,000 ounces of gold at 5.07 g/t Au (in 840,000 t)
  • Completed 8,408 m in 34 diamond drill holes
  • Highlight diamond drill hole intersected 26.70 m of 12.95 g/t Au from 272.00 m in OS-18-273
  • Mineralization is hosted in a silty limestone and is dominantly structurally controlled
  • Deposit footprint is approximately 350 x 85 m and is open at depth
Sunrise Mineral ResourceGold Cut-OffTonnesGrade (Au g/t)Gold (oz)
Pit-Constrained1.30 g/t309,0004.2342,000
Underground2.60 g/t531,0005.5395,000
Total Inferred Mineral Resource840,0005.07137,000

Ibis Zone

Highlights

  • Ibis Zone contains 136,000 ounces of gold at 4.33 g/t Au (in 978,000 t)
  • Completed 6,575 m in 26 diamond drill holes
  • Highlight diamond drill hole intersected 38.10 m of 3.33 g/t gold from 95.40 m in OS-11-040
  • Mineralization is stratabound and is concentrated along geologic contacts between limestone, dolostone and mudstone
  • Deposit footprint is 250 x 75 m and is open along strike and at depth
Ibis Mineral ResourceGold Cut-OffTonnesGrade (Au g/t)Gold (oz)
Pit-Constrained1.30 g/t775,0004.35108,000
Underground2.60 g/t203,0004.2728,000
Total Inferred Mineral Resource978,0004.33136,000

Osiris Project

Highlights

  • Inferred Mineral Resource of 1,685,000 ounces of gold at 4.23 g/t (in 12.4 Mt)
    • including a pit-constrained resource of 1,055,000 ounces of gold at 4.08 g/t (in 8.0 Mt)
  • Globally competitive discovery cost of CDN $32/oz of gold*
  • Discovery rate of 21 ounces gold per metre drilled
  • The Carlin-type Osiris Project Mineral Resource is made up of 4 zones: Conrad, Osiris, Sunrise and Ibis
  • Completed 91,625 m in 273 diamond drill holes on the Osiris Project
    • ~8,000 m of step out drilling completed in 2018 subsequent to maiden resource
  • All zones outcrop at surface and remain open in multiple directions
Gold Cut-Off Tonnes Grade (Au g/t) Gold (oz)
Pit-Constrained 1.30 g/t 8,045,000 4.08 1,055,000
Underground 2.60 g/t 4,335,000 4.52 630,000
Total Inferred Mineral Resource 12,380,000 4.23 1,685,000

NI 43-101 Technical Report for the Osiris 2018 Resource Estimate

Osiris Diamond Drill Results

Conrad Zone

Highlights

  • Conrad Zone contains 1,290,000 ounces of gold at 4.15 g/t Au (in 9.7 Mt)
  • Completed 54,609 m in 134 diamond drill holes
  • Highlight diamond drill hole intersected 42.93 m of 18.44 g/t gold from 66.19 m in OS-12-114
  • Mineralization at Conrad is hosted within silty limestones and is concentrated along an anticlinal fold hinge, faults and lithologic contacts
  • Deposit footprint is approximately 850 x 350 m and is open along strike at depth
Conrad Mineral ResourceGold Cut-OffTonnesGrade (Au g/t)Gold (oz)
Pit-Constrained1.30 g/t6,487,0004.00835,000
Underground2.60 g/t3,174,0004.46455,000
Total Inferred Mineral Resource9,661,0004.151,290,000

Osiris Zone

Highlights

  • Osiris Zone contains 122,000 ounces of gold at 4.21 g/t Au (in 901,000 t)
  • Completed 17,960 m in 67 diamond drill holes
  • Highlight diamond drill hole intersected 65.20 m of 4.65 g/t gold from 56.08 m in OS-10-001
  • Mineralization is stratabound and is concentrated along the contacts between limestone, dolostone and mudstone
  • Deposit footprint is approximately 800 x 50 m and is open along strike and at depth
Osiris Mineral ResourceGold Cut-OffTonnesGrade (Au g/t)Gold (oz)
Pit-Constrained1.30 g/t474,0004.6170,000
Underground2.60 g/t427,0003.7952,000
Total Inferred Mineral Resource901,0004.21122,000

Sunrise Zone

Highlights

  • Sunrise Zone contains 137,000 ounces of gold at 5.07 g/t Au (in 840,000 t)
  • Completed 8,408 m in 34 diamond drill holes
  • Highlight diamond drill hole intersected 26.70 m of 12.95 g/t Au from 272.00 m in OS-18-273
  • Mineralization is hosted in a silty limestone and is dominantly structurally controlled
  • Deposit footprint is approximately 350 x 85 m and is open at depth
Sunrise Mineral ResourceGold Cut-OffTonnesGrade (Au g/t)Gold (oz)
Pit-Constrained1.30 g/t309,0004.2342,000
Underground2.60 g/t531,0005.5395,000
Total Inferred Mineral Resource840,0005.07137,000

Ibis Zone

Highlights

  • Ibis Zone contains 136,000 ounces of gold at 4.33 g/t Au (in 978,000 t)
  • Completed 6,575 m in 26 diamond drill holes
  • Highlight diamond drill hole intersected 38.10 m of 3.33 g/t gold from 95.40 m in OS-11-040
  • Mineralization is stratabound and is concentrated along geologic contacts between limestone, dolostone and mudstone
  • Deposit footprint is 250 x 75 m and is open along strike and at depth
Ibis Mineral ResourceGold Cut-OffTonnesGrade (Au g/t)Gold (oz)
Pit-Constrained1.30 g/t775,0004.35108,000
Underground2.60 g/t203,0004.2728,000
Total Inferred Mineral Resource978,0004.33136,000

Rackla Gold Property

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