Red Lake District

A High-Grade Gold Capital

Why Red Lake is a ‘High-Grade Gold Capital’

More than 2.7 billion years ago, before life existed on this planet, intense heat and pressure from the Earth’s mantle caused massive tectonic upheaval. Rivers of fluids and gasses flowed upwards, depositing gold where the Earth’s crust had cracked and collided, creating one of the richest gold deposits in the entire world. Right here, in Red Lake, Canada.

More than 30 million ounces of high-grade gold have already been produced here in the Red Lake Gold District.1,2

More than 25 million ounces of high-grade gold were produced right next door to 365体育滚球 at the Red Lake Mine. The discovery of the Goldcorp High Grade Zone, located between 1300 – 2500 metres underground, resulted in an exponential increase in gold and transformative growth for the company.2

By comparison, 365体育滚球 has yet to significantly expand its exploration drilling program to depths below one kilometre.

The Red Lake area benefits from a century of exploration and underground mining. All necessary regional infrastructure is in place. A provincial highway runs through the area. It is connected to the grid. A multi-generational, deep pool of experienced miners have made Red Lake their home. This is a place where Tier One companies are born and bred.

1The 365体育滚球 Mine has a 1.65 million-ounce Indicated Resource (6.9Mt at 7.44 g/t gold) and a 0.366 million-ounce Inferred Resource (1.8Mt at 6.26 g/t gold). The Mineral Resource Estimate has an effective date of December 31, 2021, and was prepared by SRK Consulting (Canada) Inc. (“SRK”) in accordance with the National Instrument 43-101 Standards and Disclosure for Mineral Projects (“NI 43-101”) for its 100% owned 365体育滚球 Mine near Red Lake, Ontario. Mineral Resources are estimated using 95% recovery and are reported at a 3.38 g/t gold cut-off.. See the Company’s News Release titled “365体育滚球 Announces Updated Mineral Resource Estimate for 365体育滚球 Mine” dated August 10, 2022 for further information, available at 6hi3a.0539hd.com or under the Company’s Sedar profile at www.sedar.com
2Source – Public Disclosure