White Gold District, Yukon

Hotspot Property

Oxidation along quartz-gold bearing veinlets (Round Mountain)

SUMMARY

Located in the North Ladue placer mining district of Yukon Territory
100 km southwest of Dawson City
100 km northwest of the Coffee Deposit (Newmont Goldcorp)
12 km southwest of Matson Creek Airstrip (70 km north from Highway 9)
Hot Spot is brand new, grassroots high-grade gold discovery in an underexplored part of the Yukon Territory
Staked by Golden Sky Minerals in 2017
Located 25 km south of the Tanacross Cu, Mo, Au porphyry deposit (360,000 oz Au) currently being explored by Kenorland/Freeport McMoRan joint venture.
Located 100 km northwest of Newmont Goldcorp’s 5 million oz Coffee Deposit located in the Yukon’s relatively new White Gold District.

GEOLOGY
– Surface Mineralization hosted in an altered rhyolitic tuff are consistent with a low sulphidation epithermal environment
TRENCHING
– 0.42 g/t Au over 44mincluding 2.44 g/t Au over2m
– Drill Ready on bedrock

SOILS
– Soils define a 1700 x 300m Au anomaly
– 25 samples range between 200 and 4110 ppb Au
– Associated elements that correlate with elevated gold based on soil geochemistry returns the following elements: Au – Ag – As – Sb – Hg – Tl – Typical with Epithermal Low Sulphidation Deposits
(in order of highest to least)
SILTS
– 99th percentile silts in stream sediment samples collected in creeks draining from the property

Epithermal Gold Deposits tend to form in shallow environments like “hotsprings” and along structural corridors (cracks) in proximity to large magmatic intrusions and volcanoes
These magmatic intrusions may also serve as the source of Gold and Silver and develop as Cu+/-Au+/-Mo endowed porphyry deposits below the surficial epithermal gold deposit
Gold within Low to High sulphidation epithermal tends to form along pyrite grains as fine disseminations throughout the rocks to higher grades associated with quartz veins
Deposits are typically well endowed with Au+/-Ag (in some cases they can include Cu, Pb and Zn) from 1-10+ Moz of gold

A large bulk tonnage Low Sulphidation Epithermal Deposit containing 10 Moz of Gold located in Southern Nevada
Is one of the largest open pit operations in the world and contains pockets of some of the highest grade gold mined in the world
Gold is hosted throughout a permeable rhyolitic tuff and can occur within some of the pockets of “Bonanza” grades in quartz veins

Oxidation along quartz-gold bearing veinlets (Round Mountain)

High Grade “Bonanza” quartz-gold vein (Round Mountain)

Gold hosting rocks on the Hot Spot discovery are analogous with the younger volcanic rocks at the Round Mountain Gold Deposit.

Auriferous limonitic crystal tuff (0.42 g/t Au over 44m)

Auriferous limonitic crystal tuff

Low sulphidation epithermal at surface with potential buried porphyry at depth
Indicated batholith at depth by a large gravity low, believed to be the same one observed under the Kenorland/Freeport Taurus deposit
High magnetic anomaly identified on Hot Spot identical to magnetic anomalies observed on Tanacross and the Pebble properties
Pb, Cu, Zn, Ag, Au geochemistry on the Hotspot property is likely peripheral to a porphyry-related mineralization similar to the Kenorland/Freeport adjoining Tanacross property

Analogues

Original New Discovery
Strongly prospective geologic terrane with strong potential to a host Low Sulphidation Gold and buried porphyry deposits
Geophysical signatures similar to local significant prospects within the region
Property Geology and Geochemistry consistent with Low Sulphidation and Porphyry Models
2020 Phase 1 Reverse circulation drill program complete with a discovery hole (HSRC 20 02) that assayed 1.34 g/t Au over 71.6m including 7.72 g/t Au over 6.09m

A 2,000 3,000m RC and diamond drilling program to test shallow and deep low sulphidation gold mineralization, as well as for potential buried porphyry systems.

Quesnel Trough, British Columbia

A district-scale alkalic copper-gold porphyry project in the Quesnel Trough, subject to a C$20 million staged earn-in with Boliden.

White Gold District, Yukon

A large contiguous land position on the Tintina Gold Belt with road and infrastructure advancing nearby.

Auden Structural Zone, Ontario

A large greenstone-belt land package east of the Beardmore-Geraldton gold camp in northern Ontario.

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