Parbec

Wholly-Owned, Road Accessible NW Quebec Open Pit 43-101 Gold Deposit

Contiguous to Canadian Malartic, Canada’s Largest Gold Mine

MAJOR DRILL PROGRAM UNDERWAY

PARBEC Drill Plan Nov. 4th 2020 with 4900 metres drilled

The Fall 2020 drill program at Parbec is planned to consist of 7000m of drill holes designed to, with positive results, increase the size of the Parbec gold deposit.

The planned drill holes fall into 3 categories;

(1) Infill holes within the resource model area in order to tighten the exploration drill spacing to engineered resource spacing, with success this should bring additional existing and new results into the model
(2) Twin historic drill holes which, in the 2020 resource estimate, we only used for structural continuity, assay values within the resource area but prior to 2007 were excluded from the calculation of grade or total ounces in the resource as the core (largely from the 1980s) has been lost and
(3) Down dip step out drill holes, in some instances these are down dip infill, resolving broad spacing between results and also step out drill holes below the resource model.

Parbec Gold - Open Pit Resource 3d

Parbec Gold Deposit May 2020 Resource Estimate

Parbec Constrained Open Pit (Blue) and Underground Mining Blocks (pink/green/red)

New Discovery at Parbec - Diorite Splay within Sediments Associated with Gold