Our flagship operation, the Fremont Gold Project in California, was recently acquired in the last quarter of 2021. The project boasts 3,351 acres of private land with a near-term goal production opportunity and an advanced-stage open pit NI 43-101 compliant resource. The resource, currently at 526,000 ounces gold indicated and 452,000 ounces gold inferred, covers only one kilometre portion of the structure that is overlain by a newly identified four-kilometre, nearly continuous open-ended mineralized gold zone defined by a surface gold-in-soil anomaly. There is strong potential to expand the resources by multiples of the current resource. Fremont was last mined in 1942 at 8 g/t gold when gold was valued at just $US35 per ounce.
The Golden Culvert Project in Yukon is an early-stage district-scale high gold project located within 20 kilometres of one of Yukon’s highest grade gold discoveries at Seabridge Gold’s 3 Aces Project with its 5,401 g/t gold discovery in 2003. The project area covers 99 square kilometres with a 24-km long gold-mineralized trend. The average grade from 93 surface float samples was 13.3 g/t gold with values up to 320 g/t gold.
The McIntyre Brook Project in New Brunswick may be comparable to other major Iron Oxide Copper-Gold (IOCG) deposits. It is located in an emerging new gold camp near the famous Bathurst Mining base metal camp. The project area is adjacent to Puma Exploration’s Williams Brook Project where recent diamond drilling encountered 5.55 g/t gold over 50 metres at the O’Neil Gold Trend.
The Dingman Gold project in Ontario is an advanced-stage granite stock-hosted deposit that sits in the southern Central Sedimentary Belt of the Grenville geological province. Gold mineralization on the Dingman property occurs as a hydrothermal quartz-carbonate vein gold system that has a current mineral resource of 361,000 ounces gold indicated and 40,000 ounces gold inferred.
The Bathurst Properties consist of the three advanced-stage projects: Captain Copper-Cobalt-Gold Deposit, CNE, and Taylor Brook. These projects present superior potential for continued discovery of zinc-lead-silver-copper volcanogenic massive sulphide (VMS) deposits. The Captain Deposit hosts an NI 43-101 measured and indicated resource totalling 448,000 tonnes averaging 1.75% copper, 0.046% cobalt, and 0.30 g/t gold.