Kizevak Prospect

PAST PRODUCING, NEAR-SURFACE BROWNFIELD TARGET

The Kizevak Prospect is a past-producing open-pit mine, ceased operations in the late 1990s. Extensional fault and tectonic breccia zones host intermediate sulphidation epithermal mineralisation, within an andesitic volcanic suite of massive andesite, tuff and volcanic breccia. The confluence between primary NW-SE and subordinate NE-SW, E-W and N-S striking structures control thick plunging ore shoots.

Kizevak has 29,000m of historical exploration surface drilling and 7,000m of underground exploration. Over 12,000m has been drilled by the Company since 2018. At Kizevak, the mineralisation has a 900m strike length which has been identified and drilled to 200m below surface. Sub-parallel structures discovered. Mineralisation discovered beyond the historic resource outline.

Ground magnetic surveys show broad magnetic lows representing magnetite-destructive alteration are coincident with strong polymetallic soil anomalies and identified mineralisation. Numerous targets in the peripheries of the main Kizevak trend are yet to be tested by drilling.