Hemlo North — project

Gold exploration property of 12 mining claims ~4 km east along strike from the Pine Grove project, within the Schreiber-Hemlo Greenstone Belt and correlating with the Hemlo Gold District to the southwest. Mineralization concentrates along a major east-west shear zone proximal to multiple intrusions. A ground magnetic survey was completed in 2021 and a prospecting program in 2024 followed up on historical drilling (including a nearby 1995 intercept of 37.4 g/t Au over 1.0 m). Certain claims are subject to two separate 1% NSRs. The property was written down for accounting purposes, with near-term expenditures intended only to satisfy assessment requirements. No mineral resource has been defined.