Exploration Assets
Heva-Hosco — Advanced Exploration
The advanced stage Heva-Hosco exploration property is located in the Joannes Township, 20 km (12.4 miles) east of Rouyn-Noranda. The property is up to 3 km wide (1.8 miles) and extends east-west for more than 8 km (5 miles) along the Cadillac-Larder Lake break (fault). The property is located in the Abitibi region near several world class gold mines as Laronde gold massive sulfide deposits and Canadian Malartic open pit and underground gold mines. The project comprises 102 mining claims covering 3,847 hectares (14.8 sq. miles). The property hosts two distinct gold deposits, the free-milling (gold, pyrrhotite, pyrite) mineralization at the Heva deposit, and the refractory (gold, arsenopyrite, pyrrhotite, pyrite) mineralization at the Hosco deposit.
The mining district along the Cadillac-Larder Lake break in the Abitibi region has high potential for new discoveries. Past exploration drilling only covers approximately one thousand feet down plunge of the break, leaving the depth of extension of known mineralization open at depth along the strike.
Since 2014 significant high-grade zones have been identified. Future exploration will target these mineralized zones at depth to upgrade the project by increasing the value of the free milling resources at Heva and Hosco North lens.
Heva-Hosco Mineral Resource Estimate as of December 31, 2025
Notes for Mineral Resource Estimate on Heva-Hosco Deposit
- Mineral resources at Heva and Hosco are based on a gold cut-off grade of 0.008 oz/ton (0.277 g/tonnes) for open pit and 0.102 oz/ton (3.5 g/tonne) for underground and metallurgical recoveries of 95% for gold at Heva and 81.5% and 87.7% for gold at Hosco depending on zone. Heva and Hosco resources are diluted 20% and reported using a 7% mining loss.
Regional Exploration Projects
Opinaca/Wildcat
The Opinaca-Wildcat project is located 320km (199 miles) north of the city of Matagami, in the James Bay territory. The project consists of two properties: the Opinaca property and Wildcat property. Together these two properties comprise 565 claims covering an area of 29,547 hectares (114.1 sq. miles) near Goldcorp’s Eleonore Mine property, a world-class lode gold type deposit that contains over 9 Moz. at 0.18 oz/ton gold. Both the Opinaca and Wildcat properties cover a highly prospective area and straddle the contact between the Opinaca and La Grande subprovinces, which is the regional gold metallotect in the James Bay area.
Several different styles of gold mineralization have been defined on the Opinaca and Wildcat properties. The main styles of gold mineralization are: Pyrrhotite dissemination within calc-silicate alteration zones, Arsenopyrite and tourmaline-bearing strain zones, Garnet-pyrrhotite-rich bands, Pyrrhotite and pyrite dissemination in silicified bands and Arsenopyrite and native bismuth dissemination in tourmaline-garnet-rich pegmatitic intrusions.
Future exploration is planned, consisting of prospecting and trenching the known gold favorable structure and continuing to compile geological data as lithogeochemistry, geophysic and structure to increase the knowledge of the geology for future discoveries.