• Location: Suaqui Grande - Sonora
• Stage: Advanced Exploration
• Ownership: 49% owned (no royalties)
  • 51% owned by Tocvan Ventures
  • Drill intersections of up to 94.6m of 1.6 g/t Au including 9.2m of 10.8 g/t Au and 41.2m of 1.1 g/t Au 
• Near Surface Mineralization
• Oxidized, Open Pit Heap Leach Potential, Low Sulfidation/Epithermal, Highly Fractured

• Identified Mineralized zone: 1,200m x 625m
• Drill tested and remains open on trend and at depth
• 22,000m cumulative Drilling (Core & RC) - to approx. 175m vertical depth

• Pilar Bulk Sample Summary:

  • 62% Recovery of Gold Achieved Over 46-day Leaching Period
  • Head Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag
  • Bulk Sample Only Included Coarse Fraction of Material (+3/4” to +1/8”)
  • Fine Fraction (-1/8”) Indicates Rapid Recovery with Agitated Leach
    • Agitated Bottle Roll Test Returned Rapid and High Recovery Results: 80% Recovery of Gold and 94% Recovery of Silver after Rapid 24-hour Retention Time

• Additional Metallurgical Studies:

  • Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned
    • 95 to 99% Recovery of Gold
    • 73 to 97% Recovery of Silver
    • Includes the Recovery of 99% Au and 73% Ag from Drill Core Composite at 120-meter depth
• 2,650m+ of Channel/Trench Sampling
  • Trench samples as high as: 55.4 g/t Au over 3m, 28.6 g/t Au over 6m, and 3.39 g/t Au over 50m
• Magnetic & 3DIP Surveys completed over full concession
• Extensive Chip Samples & Soil Samples (mapped)
  • Au in Soils in undrilled area reach as high as 2.03 g/t Au

• 2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):
  • 116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag
  • 108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag
  • 63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag
• 2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
  • 39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au
  • 47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
  • 29m @ 0.7 g/t Au
  • 35.1m @ 0.7 g/t Au
• 2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):
  • 94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;
  • 41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag ;
  • 24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag
• 15,000m of Historic Core & RC drilling. Highlights include:
  • 61.0m @ 0.8 g/t Au
  • 21.0m @ 38.3 g/t Au and 38 g/t Ag
  • 13.0m @ 9.6 g/t Au
  • 9.0m @ 10.2 g/t Au and 46 g/t Ag

• Figure 1a: Zones of mineralization (North Hill, Main, 4-Trench) as outlined by historic drilling.
• Figure 1b: 3D Inversion Magnetic Susceptibility slice at ~350m depth. NW-SE shear corridor with N-S structures bounded within.
• Figure 2: 3D Magnetic Inversion (~350m depth). NW-SE shear corridor bounding N-S structures. 

• The study has interpreted underlying structures which may have acted as the “plumbing” required to create the shallow mineralization identified near surface by historical drilling and sampling.
• This structure is hypothesised to be 1000m by 250m by 300m.
• Target is higher grade and continuity of mineralization associated with lower order “feeder” structure.
   

➢ Advanced Interpretation and Modeling 

➢ Resource Infill Drilling 

➢ Exploration Drilling

➢ 43-101 Compliant Resource Estimation - 2024/2025

➢ Preliminary Economic Assessment - 2025

➢ Potential Open Pit Heap Leach Operation - 2026