The Project

Lemhi Gold,
Idaho USA

strategically located in the heart of Lemhi County, Idaho

  • Idaho is one of the top ranked jurisdictions globally with an extensive and rich mining history.
  • Idaho earned the following rankings on the 2019 Fraser Institute Mining Survey:
    • No. 8 in the world and No. 3 in North America on the Mining Attractiveness Index.
    • No. 8 on the Investment Attractiveness Index.
    • No. 7 on the Policy Perception Index.
  • This prolific area is in close proximity to Revival Gold (Beartrack-Arnett Project), Barrick, Agnico Eagle among others.

HISTORICAL (NON-43101 COMPLIANT) RESOURCES

Historical resource estimates conditioned by property boundary constraints and a flawed 2012 twinning program.

NEAR SURFACE

Most mineralization found in near surface, oxide material potentially suitable for open pit, heap leach operations.

**Historical resource estimates from the 1980s and 1990s were completed prior to the implementation of NI 43-101 and the construction of the CIM Estimation of Mineral Resource & Mineral Reserve Best Practices Guidelines, updated November 29, 2019, along with the most recent CIM Definition Standards on Mineral Resources & Mineral Reserves dated May 10, 2014. These historical resource estimates use resource categories different from those defined by the CIM Definition Standards. In addition, even the most recent resource estimates that were completed on behalf of Lemhi Gold Trust in 2012 and 2013, were informal estimates that were not properly documented in any NI 43-101 Technical Report and were completed prior to the most recnt CIM Guidelines of 2019, and CIM Definition Standards of 2014. A qualified person has not done sufficient work to classify any of the estimates as current mineral resources or reserves as per the CIM Definition Standards for Mineral Resources & Mineral Reserves (2014) and the CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines.

Therefore, the potential quantity and grade at the Lemhi Gold Property is conceptual in nature since there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Historical Drilling Intercepts

193.55m @ 1.8 g/t Au 54.96m @ 4.28 g/t Au
179.83m @ 1.81 g/t Au 152.86m @ 1.06 g/t Au
13.72m @ 15.19 g/t Au 149.35m @ 1.06 g/t Au
59.44m @ 3.55 g/t Au 143.26m @ 1.09 g/t Au

Lemhi Gold
Exploration Upside

  • Opportunity to find high grade feeder zones at depth that are currently unexplored.
  • Large land package has seen essentially no exploration despite proximity to intrusive.
  • These deposits often part of a larger mineralized system, all of which is unexplored.

Lemhi Gold Project

  • Mineralization remains open at depth (Dufresne, 2020).

  • Oxidation generally extends 100 – 165 feet below the surface (Bertram, 1996).

  • Gold occurs largely as free gold in the oxide zone (Bertram. 1996).

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