195,000 m
Drilling Completed
Shallow Resource from
Surface to 700 m Depth
96% Average
Metallurgical
Recovery 65% Free Gold
Clear Pathway
to beyond 5 Moz+ Au
47 Historic Gold
Occurrences on 33 km Trend
Consolidated
100% Owned 14,000 ha
Brownfields Camp
Mineralization
Confirmed
to 2 km Depth
Inaugural Mineral Resource Estimate for the Bralorne Gold Project
Highlights of the Bralorne Gold Project MRE:
-
Combined Measured and Indicated Mineral Resources are estimated at 0.72 Mt at an average grade of 8.91 g/t gold. The MRE includes Measured Mineral Resources of 21,900 oz of gold at an average grade of 10.04 g/t gold and Indicated Mineral Resources of 184,400 oz of gold at an average grade of 8.80 g/t gold.
-
Inferred Mineral Resources are estimated at 11.23 Mt at an average grade of 8.73 g/t gold. The MRE includes Inferred Mineral Resources of 3,151,000 oz of gold.
-
A total of 141 orogenic veins that comprise the Project’s vein systems were included in the MRE. The MRE is exclusive of mined out material.
Bralorne Re-Imagined
Bralorne Gold Resource Estimate (MRE)*
MRE Notes
- The mineral resource was estimated by Ben Eggers, MAIG, P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Eggers conducted a site visit to the Bralorne Property on January 30-31, 2026. The mineral resource was peer reviewed by Allan Armitage, Ph.D., P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Armitage conducted a site visit to the Bralorne Property on January 30-31, 2026.
- The classification of the Mineral Resource Estimate (MRE) into Measured, Indicated and Inferred mineral resources is consistent with current 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves. The effective date of the Bralorne Gold Project MRE is December 31, 2025. This is the close out date for the final mineral resource drilling database and the mining depletion models.
- All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.
- All mineral resources are presented undiluted and in situ, constrained by continuous three-dimensional (3D) resource models (considered mineable shapes), and are considered to have reasonable prospects for eventual economic extraction. The mineral resource is exclusive of mined out material.
- Mineral resources are not mineral reserves. Mineral resources which are not mineral reserves, do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated or Measured Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated or Measured Mineral Resources with continued exploration.
- The Bralorne Gold Project MRE is based on a validated database which includes data from 2,260 surface and underground drillholes totalling 397,759 m completed between 1935 and December 2025 and 38,174 channels totalling 37,944 m completed between 1935 and December 2025. The resource database totals 138,268 assay intervals representing 139,291 m of drillhole data and 40,502 assay intervals representing 37,142 m of channel data.
- The MRE is based on 141 resource models representing mineralized orogenic veins which comprise the Bralorne vein systems. 3D models of mined out areas with a 5 m buffer applied were used to exclude mined out material from the current MRE.
- Grades for Au are estimated for each mineralization domain using 1.0 m capped composites assigned to that domain. To generate grade within the blocks, the inverse distance squared (ID2) interpolation method was used for all domains.
- Average density values by deposit area of 2.67 to 2.72 g/cm3 were assigned to all domains based on a database of 509 samples.
- It is envisioned that the Bralorne Gold Project deposits may be mined using underground mining methods. Mineral resources are reported at a base case cut-off grade of 2.3 g/t Au. The mineral resource grade blocks were quantified above the base case cut-off grade, below surface, below overburden, within the constraining mineralization resource models, and exclusive of mined out material.
- The underground base case cut-off grade of 2.3 g/t Au considers metal prices of US$3,200/oz Au and metal recoveries of 93% for Au.
- The underground base case cut-off grade of 2.3 g/t Au considers a mining cost of US$90.00/t rock and a processing, treatment, refining, transportation, and G&A cost of US$47.00/t mineralized material.
- The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
