Resource Estimate

Mineral Resource Estimate Details

White Gold Project, Yukon Territory, Mineral Resource Statement, ACS October 28, 2024.

Area	Type	Classification	Cut-off (g/t)	Tonnes (000's)	Grade (g/t)	Contained Gold (oz)
Golden Saddle	Open Pit	Indicated	0.35	16,954	2.16	1,178,500
		Inferred		5,396	1.45	250,900
	Underground	Indicated	2.3	23	2.77	2,100
		Inferred		382	3.06	37,500
Arc	Open Pit	Indicated	0.35	683	1.02	22,400
		Inferred		6,781	1.09	236,700
	Underground	Inferred	2.3	47	3.00	4,600
Ryan	Open Pit	Inferred	0.35	5,499	1.57	278,300
	Underground	Inferred	2.3	127	3.19	13,100
QV	Open Pit	Inferred	0.35	6,240	1.47	295,500
All Deposits	Open Pit	Indicated	0.35	17,637	2.12	1,200,900
All Deposits	Open Pit	Inferred		23,916	1.38	1,061,400
All Deposits	Underground	Indicated	2.3	23	2.84	2,100
All Deposits	Underground	Inferred		556	3.09	55,200
All Deposits	Total	Indicated		17,660	2.12	1,203,000
All Deposits	Total	Inferred		24,472	1.42	1,116,600

1. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.
2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
4. The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
5. Open pittable resources are constrained by GEOVIA Whittle optimized pit shells using a 0.35 g/t Au cut-of grade and are considered to have reasonable prospects for eventual economic extraction, assuming a gold price of US$2,000 per ounce, a C$:US$ exchange rate of 0.75. an open pit mining cost of CDN$3.25 per tonne, a processing and G&A cost of CDN$27.50 per tonne milled, and gold recoveries of 92% for Golden Saddle, and VG, along with 85% for Arc and Ryan’s Surprise. Underground resources assume a mining cost of CDN$120/tonne.
6. The following bulk density values for mineralized material were used: Golden Saddle (2.62 – 2.65 t/m³), Arc (2.55 t/m³), Ryan’s Surprise (2.63 t/m³) and VG (2.65 t/m³).
7. High-grade gold assay values have been capped as follows: Golden Saddle and Arc (8 – 18 g/t Au), Ryan’s Surprise (9 g/t Au) and VG (3 – 10 g/t Au).
8. The Statement of Estimates of Mineral Resources has been compiled by Mr. Gilles Arseneau, Ph.D.,P.Geo, of ARSENEAU Consulting Services (“ACS”). Mr. Arseneau has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity that he has undertaken to qualify as a Qualified Person as defined in the CIM Standards of Disclosure.
9. All numbers are rounded. Overall numbers may not be exact due to rounding.

• 17.660 million tonnes of Indicated Resources averaging 2.12 grams per tonne gold for 1.203 million ounces of gold, representing 52% of total resources.
• 24.472 million tonnes of Inferred Resources averaging 1.42 grams per tonne gold for 1.117 million ounces of gold, representing 48% of total resources.
• Inferred and Indicated Mineral Resources have increased by 18.5% and 4.3% respectively, compared to the previous 2023 MRE⁽¹⁾.
• 97.5% of the resources are near surface and within an open-pit. Indicated Resources of 1.201 million ounces of gold averaging 2.12 grams per tonne gold (an increase of 6.7%) and open-pit Inferred Resources of 1.061 million ounces of gold averaging 1.38 grams per tonne gold (an increase of 24.4%).
• Mineralization at the Golden Saddle, Arc, Ryan’s Surprise and VG deposits all remain open along strike and down dip to further expand the deposits and in addition to multiple underexplored targets in close proximity.
• The project also hosts an additional estimated 10 – 12 million tonnes grading between 1 – 2 g/t Au of material classified as a Target for Further Exploration which has not been included in the current resource which may further increase the size of the resource and is currently being evaluated in this regard.
• The Company is also currently evaluating additional opportunities to further increase the size of the resources by optimizing the block model and wireframes of the Golden Saddle and Arc deposits to add additional tonnage.

White Gold Project 2023 NI43-101