Radisson Announces Positive Metallurgical Study at O'Brien and Provides Update on Milling Assessment at IAMGOLD's Doyon-Westwood Complex

Radisson Announces Positive Metallurgical Study at O'Brien and Provides Update on Milling Assessment at IAMGOLD's Doyon-Westwood Complex

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Corporation") is pleased to provide the results of a recent metallurgical study at the Company's 100%-owned O'Brien Gold Project ("O'Brien" or the "Project") located in the Abitibi region of Québec. The study was undertaken in conjunction with a milling assessment under the auspices of a Memorandum of Understanding ("MOU") with IAMGOLD Corporation ("IAMGOLD") to assess the design criteria for processing mined material from Radisson's O'Brien Gold Project ("O'Brien" or the "Project") at the nearby Doyon gold mill, part of IAMGOLD's Doyon-Westwood mine complex. The Doyon mill is located 21 kilometres west of O'Brien and directly accessible along Trans-Canada Highway 117.

Gold recoveries of between 86% and 96% were obtained based on a series of flow sheet options, all of which are compatible with the Doyon mill with minimal or modest additional capital. The metallurgical program was undertaken at the Lakefield, Ontario facilities of SGS Canada Inc. ("SGS-Lakefield") under the supervision of Ausenco Engineering Canada ULC. ("Ausenco"). Highlights are as follows:

  • Gold recovery of 86% based on a simple flow sheet of Gravity-Leach;
  • Gold recovery of 90% based on a Gravity-Flotation-Regrind-Leach flow sheet;

  • Gold recoveries of between 94% and 96% based on the sale of a flotation concentrate in a Gravity-Flotation-Concentrate Sale flow sheet after consideration for payability factors of 90% to 95% respectively; and

  • Average arsenic values of 0.4% to 0.5% in whole rock and 4.6% in flotation concentrate, consistent with precedent projects in Québec's Abitibi and offtake threshold limits for concentrates of high-grade gold projects.

Matt Manson, President and CEO, commented: "We are very happy with the results of this metallurgical study at O'Brien, undertaken within the context of our milling assessment MOU with IAMGOLD. This is the first metallurgical program at O'Brien based on a comprehensive suite of representative samples and with a specific mill in mind. We see multiple flow sheet options for O'Brien, each of which gives gold recoveries above the 85% assumed in our March 2023 Mineral Resource Estimate. We estimate 86% recovery with only minimal adjustment to the existing Doyon mill configuration at very low cost. We see recoveries of 90% with the re-introduction of a flotation circuit and on-site leaching, and we see a very attractive outcome of up to 96% should the sale of a flotation concentrate be arranged. In this context, we are reporting a metallurgy consistent with precedent Abitibi mining projects, giving us optionality for both onsite tailings deposition after leach and a concentrate sale."

Matt Manson continued: "This is a landmark study for Radisson that addresses long-standing questions on the metallurgy, processing and environmental characteristics of O'Brien's high-grade gold mineralization. The milling assessment indicates that IAMGOLD's Doyon mill is a feasible processing option for O'Brien, fulfilling the objective of our MOU. We are grateful to Ausenco and SGS for the timely completion of the analytical work and IAMGOLD's Westwood-Doyon team for their constructive collaboration during this assessment."

The results presented today demonstrate processing optionality for the O'Brien Gold Project, including at the Doyon mill. Radisson now intends to complete a Preliminary Economic Assessment for O'Brien assuming offsite milling and utilizing the current 2023 Mineral Resource Estimate for mine planning. To this end, Radisson has retained Ausenco for processing design, infrastructure and financial modelling, InnovExplo (part of Norda-Stelo Inc.) for mine design and mine scheduling, and BBA Inc. for water management, surface facilities, and a review of the Project's environmental assessment and permitting requirements.

Metallurgical Program and Doyon Milling Assessment

The metallurgical program was based on 35 samples of mineralized core with average gold grades ranging from 0.8 g/t to 49.1 g/t which were crushed to a -10 mesh sieve and rotary split into separate 1 kilogram charges. These were used to create four composite samples representing the principal Piché Group lithologies that host O'Brien vein mineralization, and a fifth master composite representing the proportion of host rocks in the 2023 O'Brien Mineral Resource Estimate (Table 1). Head assays of gold by both fire assay and metallic screen, as well as ICP-MS analysis for other elements, were determined separately for each of the four lithological composites and the master composite. Analytical tests were conducted in a two-phase program at SGS-Lakefield for recovery by gravity concentrator, whole rock cyanide leach, flotation, regrind, flotation concentrate cyanide leach, and flotation tails cyanide leach.

Table 1: Composite Samples

UnitSample Size (kg)Au (g/t)S (%)As (%)Cu (%)Ag (g/t)
V3548.731.250.57
CONG84.971.100.42
POR285.460.800.42
S3138.911.220.390.5
Master Composite81, from above6.271.120.51

Lithology Codes: V3: Basalt-South, North, Central; CONG: Conglomerate; POR: Porphyry South, North; S3: Sediments (Greywacke).

The Doyon mill currently operates at approximately 3,000 tonnes per day with a conventional cyanidation process. Mined material is processed with a primary crusher and a two-stage semi-autogenous SAG mill/Ball mill grinding at 75 µm (P80). Leaching is by way of two stage Carbon-in-Leach and Carbon-in-Pulp circuits. The Doyon mill was most recently refurbished in 2013 and has a history of treating a variety of custom materials from multiple deposits, in continuous or batch mode. Gravity and Flotation circuits have been used previously at Doyon but are currently inactive.

The MOU under which the milling assessment at Doyon was under-taken was signed by Radisson and IAMGOLD (the "Parties") in September 2024. The MOU facilitates the exchange of technical data between the Parties on: Radisson's metallurgical program; Doyon's flow-sheet configuration, operating parameters and capacity for modification; and tailings management planning at the Doyon-Westwood mining complex. The exchange of technical data included a site visit to the Doyon facility.

Each Party was responsible for its own costs associated with the work. The MOU is non-binding and non-exclusive and contains no specific terms around potential commercial arrangements between the Parties. There is no certainty that any arrangement between the Parties will result from their dealings pursuant to the MOU.

Gravity-Leach Results

Each of the four lithological composites underwent a Knelson/Mozley gravity test after grinding to 150 µm (P80) with recoveries of 25% to 46%, averaging 36%. Four separate tests of the master composite sample were performed at grind sizes of 154 to 85 µm (P80) with recoveries of 35% up to 52% at the finest grind size.

Twelve cyanidation bottle roll leach tests were conducted on the gravity tails of the four lithological composite samples at different grind sizes (40 µm and 60 µm, P80), with and without pre-aeration, and with leach residence times up to 56 hours. Overall, cumulative Gravity-Leach recoveries under this flow sheet option ranged from 81% to 89% and averaged 86%.

Doyon mill modifications to facilitate this flow-sheet are limited to the re-installation of a gravity circuit at minimal capital cost.

Gravity-Flotation-Regrind-Leach Results

Rougher kinetic flotation tests were performed on the four gravity tails sub-samples of the master composite with mass-pulls of between 6% and 11%. Overall, Gravity-Flotation recoveries, after assay, were measured at 91% to 94%, averaging 92%. A cyanidation bottle roll test was performed on the flotation concentrate sub-sample of the master composite that had been ground to 85 µm (P80), had yielded a 52% gravity recovery, and had been measured at a 94% gold content after flotation with a 10% mass-pull. 81% of the gold in this flotation concentrate was recovered after regrinding to 15 µm (P80) with a leach residence time of up to 72 hours, for an overall recovery of 86%. An additional 4% recovery was estimated from the leach of the flotation tails, yielding a cumulative Gravity-Flotation-Regrind-Leach recovery under this flow sheet option of 90%.

Additional Doyon mill modifications to facilitate this flow-sheet comprise the re-installation of a flotation circuit and a regrind mill.

Gravity-Flotation-Concentrate Sale Results

An alternative to on-site leaching is the sale of the flotation concentrate. Under this scenario, and based on the flotation data presented above, the total content of gold recovered by gravity, by leach of the flotation tails, and in flotation concentrate would be 98%. Flotation concentrate payability factors would apply in any sale, reducing the effective overall cumulative Gravity-Flotation-Concentrate Sale recovery to an estimated 94% to 96% assuming payability factors of 90% to 95%.

Doyon mill modifications to facilitate this flow-sheet comprise the re-installation of the gravity and flotation circuits but without the requirement for a regrind mill.

The potential sale of a flotation concentrate for the O'Brien Gold Project is conceptual, and no commercial arrangements exist for such a sale. Any payability factor would be dependent upon several factors, including the metallurgical characterisation of the concentrate and its sulphide and gold content. Arsenic content measured in the flotation concentrate obtained in the current testing was 4.6%. Radisson considers this consistent with precedent projects within Québec's Abitibi that possess a gold-arsenopyrite sulphide association, and within offtake threshold limits for high grade gold projects.

Summary and Next Steps

Overall conclusions of the metallurgical program and milling assessment are provided in Table 2. Radisson considers all three flow sheet options presented to be viable options for the processing of O'Brien mined material. Gold recoveries in each of the three flow sheet options assessed are higher than the 85% recovery assumed in the Project's 2023 Mineral Resource Estimate. All three are also consistent with the current configuration and capacity of the Doyon mill. Capital investments required for mill modifications, and the incremental processing costs, are estimated to be minimal to modest.

Table 2: Summary of Results Under Three Flow Sheet Options

Flow Sheet ScenarioOverall RecoveryTest Conditions
Gravity-Leach86%Knelson/Mozley gravity tests at 150 µm grind on separate lithological composites. Bottle roll cyanide tests at 40 to 60 µm, with/without pre-aeration, leach residence up to 56 hours
Gravity-Flotation-Regrind-Leach90%Knelson/Mozley gravity tests on master composite sub-sample at 85 µm grind. Flotation with 10% mass-pull. Regrind of flotation concentrate at 15 µm. Leach residence of float concentrate up to 72 hours, leach of flotation tails.
Gravity-Flotation-Concentrate Sale note 194%-96%Knelson/Mozley gravity tests on master composite sub-sample at 85 µm grind. Flotation with 10% mass-pull. Leach of flotation tails. Sale of flotation concentrate.

Note 1: assumes flotation concentrate payability factors of 90% to 95% respectively

The metallurgical results presented are preliminary and additional work, including a comminution study, is required. In addition, while the samples analysed have been selected to be representative of O'Brien mineralization and the Project's mineral resources in general, a metallurgical block model that would allow gold and sulphide relationships to be assessed more comprehensively has not yet been developed. A resampling program to complete a full set of data is ongoing. Additional work on process water treatment and tailings management planning is also required.

Qualified Person 

Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O'Brien Gold Project. Additionally, Renee Barrette, ing., an independent Qualified Person with Ausenco has reviewed and verified the metallurgical testwork and results in this news release.

About Ausenco

Ausenco is a global company redefining what's possible. The team is based across 26 offices in 15 countries delivering services worldwide. Combining deep technical expertise with a 30-year track record, Ausenco delivers innovative, value-add consulting studies, project delivery, asset operations and maintenance solutions to the minerals and metals and industrial sectors (www.ausenco.com).

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100%-owned O'Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O'Brien Mine, considered to have been Québec's highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 "Technical Report on the O'Brien Project, Northwestern Québec, Canada" effective March 2, 2023, Radisson's Annual Information Form for the year ended December 31, 2023 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the O'Brien Gold Project.

For more information on Radisson, visit our website at www.radissonmining.com or contact:

Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com

Kristina Pillon
Manager, Investor Relations
604.908.1695
kpillon@radissonmining.com

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company's ability to grow the O'Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O'Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239283

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Highlights:

  • Following up on the last high grade results from the Company, the next holes intersected broader zones of gold in hole ACDDH027 and narrow but strong gold-stibnite (antimony sulphide) mineralization in ACDDH028. 

  • Assay results show: 

    • ACDDH026: 2.1m @ 1.25g/t Au from 175m depth 

    • ACDDH027: 9m @ 5.9g/t AuEq1 (5.2g/t Au & 0.16% Sb) from 159m depth 

    • ACDDH028: 1.25m @ 48.3g/t AuEq1 (13.3g/t Au & 8.1% Sb) from 210m depth 

  • ACDD024,025 confirmed higher grade antimony mineralisation on the Fraternal shoot, the recent drilling ACDDH27,28 indicates an improvement in gold grade with depth. 

  • The gold grades on the Fraternal shoot plunge to the south, current drilling is testing 80-100m below the current resource envelope, before pivoting to testing the northerly extensions of the Fraternal ore body. 

  • Auld Creek has an inferred resource hosted by two ore shoots, Bonanza and Fraternal. This resource outcrops at surface and is continuous to 160m vertically and open at depth. 

  • Surface soil geochemistry strongly endorses extensions to the Fraternal north prospect and Bonanza northeast prospect, confirming the system is traceable over a 2.5km length.

Robert Eckford, CEO of Rua Gold commented: "It is encouraging to see an improvement in gold grades with depth on the Fraternal lode, and the continuation of high-grade antimony accompanying the gold in narrow plunging shoots.

Drilling to date on Auld Creek antimony-gold prospect has increased confidence in the existing gold-antimony resource and highlighted higher-grade plunging shoots that remain open to the south. We are focused on expanding the Auld Creek resource both north and south, with intensified surface exploration showing early promise in identifying additional mineralization over its 2.5km length."

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Figure 1: Overview of the Reefton Goldfield.

To view an enhanced version of this graphic, please visit:
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Figure 2: Fraternal and Bonanza ore shoots at Auld Creek.

Note that AuEq amounts have been calculated using recent spot prices of gold and antimony and applying a ~30% discount. The gold equivalent formula is based on AuEq = Au g/t + 4.3 x Sb% using a Au price of US$2065/oz, Sb price of US$34,300 per tonne and 85% recovery.

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GLOBAL SUPPLY AND VALUE OF ANTIMONY

Antimony is a critical metalloid primarily sourced from the mineral, stibnite. It is highly valuable and increasing in demand due to its versatility and has essential applications across renewable energy, liquid battery metals, defence and technological sectors.

Due to its limited supply, predominantly controlled by China, Russia & Tajikistan, antimony is considered a strategic material essential for supply chain security, particularly during periods of geopolitical instability. This was heightened in August 2024, when China announced export controls on processed antimony products. In response to these controls, nations have accelerated their efforts to secure alternative sources of antimony to mitigate the risk of significant supply chain vulnerabilities.

The US, EU, UK, Japan, Canada and Australia all designate antimony as a critical mineral. On January 31, 2025, New Zealand also announced their Critical Mineral List which included antimony.

Reflecting heightened demand, the price of antimony has reached new highs, currently trading over US$50,000 per tonne, a significant increase from US$11,350 per tonne at the start of 2024. This market shift has intensified interest in the strategic antimony potential held by Rua Gold.

EXPLORATION POTENTIAL

Rua Gold commenced drilling at Auld Creek in December 2024. It has a targeted program to drill four mineralised shoots identified from historical surface exploration work interpreted by the Rua Gold team over the past 3 months.

Auld Creek is situated between two past producing mines, Globe Progress mine, and the Crushington Group of mines which collectively produced 933,000oz at 14.0g/t Au (Barry 1993). Auld Creek has three historic adits but no commercial production from the reefs.

Rua Gold has an inferred resource at Auld Creek indicating 700,000 tonnes at 3.1g/t Au and 1.1% Sb for 67,000oz of gold and 8,000 tonnes of antimony2 (AuEq 110,000oz3). The resource is restricted to two of the four known shoots. Soil geochemistry indicates the potential for discovery of additional mineralised shoots over a strike length of 2.5km.

Four of the eight holes completed to date intersected 4-5m of strong visible stibnite (antimony sulfide) mineralization in the Fraternal-Bonanza structure.

Results from ACDDH024, ACDDH025 confirm the approximate average gold grades, but report higher antimony grades than the current resource estimate. Results from ACDDH027, ACDDH028 highlight above average gold grades with narrow but high-grade antimony in ACDDH028.

Ongoing drilling is targeting the southern plunging Fraternal gold-antimony shoot which remains open along strike and at depth.

Intensified surface exploration is showing very encouraging strong trends both north and north-west confirming additional targets on the Fraternal North and Bonanza north-west extensions.

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Figure 3: Arsenic soil geochemistry over Auld Creek area.

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ABOUT Rua Gold

Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold's two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company's Glamorgan Project solidifies Rua Gold's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation's biggest gold mining project, Wharekirauponga.

For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.

TECHNICAL INFORMATION

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and Chief Operating Officer and a director of Rua Gold, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has participated in the geochemical sampling, and mapping programs to verify that they have been conducted in accordance with standard operating procedures. Mr. Henderson has verified the data disclosed by running checks on the location, analytical, and test data underlying the information in the technical disclosure herein.

QA/QC Drill Core

Rock samples were sent to SGS Laboratories, Westport for sample preparation. Samples were crushed and pulverized to 85% passing 75 µm. The pulverized rock-chips were split into two samples: a ~50 g sent for laboratory analysis, and the reject returned to RGL for pXRF analysis and storage. Pulverized rock-chip samples were analyzed for gold (Au) by 50-g fire assay with AAS finish at SGS Waihi (SGS Code FAA505); and for antimony (Sb) by Sodium Peroxide Fusion Analysis by ICP-MS at SGS Waihi.

QA/QC Soil Samples

Pre-planned soil sampling points on a 20 m x 100 m grid were loaded onto a handheld GPS for guidance. A spade was used to acquire a ~1.0 kg sample from the C horizon, which was put in a wet-strength paper sample bag with wire ties. Sample information was logged in a notebook in the field, including sample ID, depth, color, horizon, slope, sample description, sampler, basement, and comments. Each sample was photographed in the field alongside the GPS with coordinates visible and each sample site marked in the field with biodegradable flagging tape. Samples were taken back to Rua Gold's Reefton facility for preparation. The sample information was entered on.csv files and uploaded to an SQL database.

Samples were dried in a customized incubator, set at 38°C, for a minimum of two days. Once the samples were fully dried, they were sieved to Rua Gold's Reefton facility using a Olympus Vanta pXRF analyzer; and then on to ALS Brisbane, Australia, for low-level gold analysis using Au-TL43; trace level Au by aqua regia extraction with ICP-MS finish. Detection limit 1 ppb Au.

Field duplicates were collected every 20th sample and underwent the same sample collection and preparation process outlined above. Duplicates were checked and validated by Rua Gold's Isogonal data validation system to ensure compliance.

Rua Gold Contact

Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-Looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects and the results thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward-looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-Looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Table 1: Location of Auld Creek drill holes from RUA 2024-2025 program

Hole IDEastingNorthingrLTotal
Depth
Site _IDDipAzimuth
(true)
Year
ACDDH02215072125333199508108.5Pad 10-541932024
ACDDH0231507212533319950851.5Pad 10-60852024
ACDDH02415072905333146539150Old 13-372202025
ACDDH02515072905333146539180.9Old 13-542482025
ACDDH02615072905333146539200Old 13-592312025
ACDDH02715072905333146539193.4Old 13-452122025
ACDDH02815070795332952607243.5Pad 18-501042025
ACDDH02915070795332952607256Pad 18-501202025
ACDDH03015070795332952607268.5Pad 18-53852025

 

Table 2: Significant drilling intercepts at Auld Creek, full mineralized zone composites (1.5g/t Au cut-off)

Sample NoFromToIntervalAu (g/t)Sb (%)
ACDDH026175175.90.90.96
ACDDH026175.9177.11.21.55
ACDDH02715215312.52
ACDDH02715315411.88
ACDDH02715415513.44
ACDDH02715515612.25
ACDDH02715615711.84
ACDDH02715715810.37
ACDDH02715815910.15
ACDDH02715916012.380.013%
ACDDH02716016112.390.802%
ACDDH02716116214.750.008%
ACDDH02716216312.840.016%
ACDDH02716316418.420.010%
ACDDH02716416514.70.010%
ACDDH02716516613.770.009%
ACDDH0271661671150.178%
ACDDH02716716813.110.428%
ACDDH028209.5210.150.650.92
ACDDH028210.15210.60.4518.411.600%
ACDDH028210.6211.40.88.284.680%
ACDDH028211.42120.61.68

News Provided by Newsfile via QuoteMedia

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