The Kena-Daylight Gold Project

  • The first time Kena & Daylight Properties have been consolidated under one Company and one work program
  • Consolidation provides a district wide approach to tie together a larger trend extending serveral km’s
  • Advanced Kena project with bulk tonnage resource of just under 2 million ounces of gold under 43-101 and amenable to leaching
  • The Daylight project has four historical high grade mines over a 3.5km trend. The company’s focus will be on four large gold-bearing targets

Large Property with Excellent Infrastructure

  • 8,810 hectares in South-Eastern BC
  • 10km from the town of Nelson
  • Paved Highways
  • Near Rail and Power
  • Local work force
  • Local service and supply companies
  • Teck Resources Trail Smelter lies 45 minutes south via paved highways

Historic Nelson Gold District “The Golden Arc”

  • BC’s second largest gold camp, the birthplace of TECK

Gold Mountain Zone and Kena Gold Zone

Porphyry gold deposit with high grade zones:

  • 24,890,000 @ 0.60 g/t Au Indicated
  • =481,000 Ounces GOLD
  • 85,790,000 @ 0.48 g/t Au Inferred**
  • =1,318,000 Ounces GOLD
  • (Using a 0.3 g/t GOLD Cut-off)

**Mineral Resources that are not mineral reserves do not have demonstrated economic viability

Multiple Historic Gold Mines and Known Gold & Copper-Gold Zones providing Upside Potential

Previous exploration work identified four large gold bearing targets:

  • Starlight Shear Zone- 50m wide zone has been traced by an IP survey for 3km along strike
  • North Star Shear Zone- 500m North. 54m wide and traced by an IP survey for 2km
  • Great Eastern Porphyry Gold Zone- 1.1km long x 500m wide gold soil anomaly centered 100m west of Great Eastern Gold Mine
  • Silver King Gold Corridor- 1km long x 600m wide gold soil anomaly. New gold veins ranging 5.16 to 80.4 g/t gold across widths of 0.2 to 2 meters

Within these zones several new showings have been discovered with gold grades similar to the historic mines Starlight, Victoria, Great Eastern and Daylight (Historical production ranging from 1.1 to 37.5 g/t gold, 15.2 to 139.8 g/t silver, 0.96% to 2.56% copper).

Exploration Activities Summary Since Acquiring The Project

Daylight Property

  • 48.35 line-kilometers ground magnetic survey
  • 445 B-Horizon samples
  • 421 channel and chip rock samples
  • 18 diamond drill holes for 2,695 meters

Toughnut Property

  • 14.45 line-kilometers ground magnetic survey
  • 407 B-Horizon samples
  • 263 channel and chip rock samples
  • 31 diamond drill holes for 5,559 meters

Note:  For details on work completed refer to Assessment Report 2017 and 2018 submitted to BC Geological Survey, Mining & Minerals Division