North Mitchell

The property consists of 963.45 ha (9.63 square km) surrounded by Cu-Au deposits on three sides. It lies at the epicenter of one of the most prolific mineralized corridors on Earth — the Golden Triangle of northwestern British Columbia — directly adjacent to Seabridge Gold’s Iron Cap and Newmont’s Brucejack Mine, and along the same fault-controlled corridor that also hosts the Treaty Creek and Copper Belle deposits. The property covers highly favorable Hazelton Group stratigraphy — the same volcanic-sedimentary sequence that hosts some of Canada’s richest gold and copper deposits.

Mapping and geological overlays show that North Mitchell is underlain by interbedded andesitic tuffs, volcaniclastics, and locally pyritic felsic tuffs cut by the same intrusive trends that drive mineralization at Iron Cap and Snowfield. These units form part of a telescoped magmatic-hydrothermal system — where fluids from a buried Texas Creek–aged porphyry intrusion likely migrated upward through the Brucejack Fault Zone, depositing high-grade gold, silver, and zinc in the upper structural levels.

The magnetic signature indicates a buried intrusive similar to that beneath the Iron Cap and Treaty properties.

The geological and structural setting suggests North Mitchell represents a critical transitional zone between Iron Cap’s deep Cu-Au porphyry system and Brucejack’s bonanza-grade epithermal veins. This convergence creates the potential for overlapping deposit styles — porphyry at depth and high-grade gold veins at surface — a configuration that can yield both scale and grade within a single mineral system. The property’s position along this regional mineralized trend and its direct connection to the Brucejack Fault corridor make it a highly strategic exploration asset with genuine million-ounce-plus gold discovery potential.

Highlights Of 2025 Exploration

• Observation of multiple gossanous outcrops with strong silicification, iron-oxide staining, and quartz veining.
• Discovery of grey saccharoidal (“sugary”) quartz adjacent to white quartz veins, hosting fine-grained sphalerite and galena — a mineral assemblage commonly associated with gold-silver systems in the Golden Triangle.*
• Identification of porphyritic intrusive rocks (diorite–granodiorite), providing a potential link to a copper-gold porphyry system at depth.

• Highlights of assays for random grab sampling on in-situ quartz stockwork zones and intensely sericite altered volcanic rocks include:
  • 9 g/t Au, 161 g/t Ag, 3.01 % Pb and 5.6 % Zn.
  • 73 g/t Au and 12.74 g/t Ag.
  • 7.559 g/t Au and 11.19 g/t Ag.

Note: The samples above were random in nature but do not necessarily represent the metal content in the located source. The Company feels that the high metal content is highly encouraging and further investigation is warranted.

2026 Plans

• Further sampling and prospecting
• Diamond drilling upon receipt of permits

Mr. Ed Kruchkowski, P.Geo (British Columbia), is the Qualified Person as defined by National Instrument 43-101 who has examined and reviewed this page and geological information available from public sources related to the property, and is responsible for approving the technical contents of this page. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to the historical drill results and any sampling. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.