The Dome Mountain Gold Project is an all-year road accessible project located a short 50-minute drive from Smithers B.C. The project holds both an Environmental Management Act Permit (EMA) and a Mining Permit providing for up to 75,000 tonnes production annually.

In addition, the property has 15 known high grade gold veins with 90% of the nearly 19,000 hectare property yet to be explored.

Figure 1

The property includes the past producing mine on tenures consisting of 23 contiguous mining claims and one mining lease totaling 18,617 hectares, located approximately 66 kilometers east of the town of Smithers in northwest British Columbia. The Dome Mountain area has a long history of exploration that resulted in the discovery of numerous gold bearing quartz-carbonate veins.

15 known gold bearing veins are located on the Dome Property and ready for drill targeting.

Figure 2

Gold mineralization was first located on the property in the late 1800s and considerable surface and underground work was done in 1923-24. Resumption of exploration in the 1980s led to the discovery of the Boulder Vein system in 1985 by Noranda. Underground mining was initiated in August 1991 by Timmins Nickel Inc. and its joint venture partner, Habsburg Resources Inc. and ceased in May 1993. During this period 43,900 tonnes at an average grade of 12.0 grams per tonne gold were reportedly mined from shrinkage stopes accessed from trackless drift developments on the 1290 and 1370 levels.

Figure 3

Expenditures on the mine by past operators, including Gavin Mines, Timmins and Noranda, have totaled in excess of $68 million, $28 Million of which was spent by Gavin in the past 12 years. Mine permitting and significant infrastructure construction and underground development was completed on the mine between 2010 and 2012, including about 75% of the planned underground development necessary for commencing production from the site.

The infrastructure and underground development completed during that period includes:
• Mine dry/office building
• Electrocoagulation water treatment plant
• Water and sewer for all surface facilities
• Pipelines system for mine water
• Mechanics shop
• Electrical work into the mine
• Fuel storage and distribution system
• Major earthwork projects completed
• Underground development

Figure 4 Bolting on the 1290 level as part of the Underground Development Management Plan

• Infrastructure also includes underground workings including several stopes ready for production and two faces (one in the Boulder Vein and on in the Argillite Vein) ready for production.

Figure 5 Yellow shows faces available for production.
Figure 6 Water quality sampling
Figure 7 Map View of mine permit area

Geology

The Boulder Vein is a structurally controlled Quartz Carbonate Vein system with variable sulfide composition up to and over 20% combined Pyrite, Sphalerite, Galena and Chalcopyrite. Immediate host rock is basaltic Andesite of the Jurassic aged Telkwa Formation consisting of volcanic and volcanic fragmental flows and tuffs.. The entire sequence lies with the Babine Range which is a northwest trending horst of folded and faulted Jurassic and Cretaceous volcanic and sedimentary rocks, known as the Hazelton Group, bounded to the west and east by grabens of Late Cretaceous and younger rocks (Figure 3). Locally the Hazelton Group rocks are intruded by rocks of the Early Cretaceous Bulkley Plutonic and the Eocene Nanika Plutonic suites.

The Freegold Veins are high grade gold bearing quartz carbonate veins with up to 40% sulfide content and cross both the Volcanic rocks of the Telkwa Formation and a quartz monzonite intrusion centrally located on a MAG low within a larger circular MAG high as defined by a recently flown airborne MAG and EM survey. Recent work has shown that this system of mineralization could very well be Structurally controlled, carbonate hosted, base metal rich gold mineralization similar to Cowal Lake Gold deposit (NSW Australia) and, more locally, the Buck Project out of Huston BC (Sun Summit Minerals) one hour south of the Dome Mountain Gold Project.

Intrusions along the northwest trend are part and parcel of the Cretaceous Bulkley Plutonic Suite.

2020 Resource Estimate

In December 2020, a NI 43-101 technical report was completed on the Dome Mountain Gold Project, titled “NI 43-101 Technical Report, Dome Mountain Mine, British Columbia, Canada.”

The Technical Report reported a mineral resource of 70,418 oz Au and 341,784 oz Ag in the indicated category and 109,160 oz Au and 473,890 oz Ag in the inferred category, based on 398 drill holes (39,398 meters) completed at the Dome Project over the period from 1985 to 2016. This estimate did not include the company’s 2020 drill program. A new updated estimated is expected in the fall of 2021.

The following parameters were used for the resource estimation:

• Cut-off grade 3.42 g/t
• US$1300/oz Au
• 2.25-meter cut and fill minimum width.
• All veins were estimated using ordinary kriging.

* This above estimate does not include the company’s 2020 drill program.

The resource includes four veins with a combined strike length of 1,675 m, along 200 m depth: Boulder (470 m of strike), Boulder East (585 m), Boulder HW (335 m), and Argillite (285 m).

Historic drilling (2016) along strike to the west of the Boulder Resource shows that mineralization continues. The Boulder Resource indicated resource is based on drill hole pierce points with an area of influence of 15 meters and, for inferred, 30 meters. Drilling to the west is of insufficient density at this time to categorize the mineralization (figure 6).

Figure 8 Long section showing Boulder Resource, drilling along strike to the west showing that Boulder Mineralization continues for at least another 800 meters west and, planned deep drilling to increase resource at depth.

2020 Boulder Drilling

Significant advancements in 2020 include:
• Completed 26 holes for a total of 3800 meters of drilling in 2020.

Figure 9
The two best holes DM-20-114 and 139 as they indicate mineralization along depth and along strike.

• Drill hole DM-20-139 hit high grade gold mineralization 200 meters deeper than any intercept to date. Given that the average depth of the resource is 200 meters, this intercept in Hole DM-20-139 shows significant blue sky potential to increase the resource at depth.

Figure 10 Boulder Resource showing indicated resource in Magenta and inferred resource in beige with DM-20-139 pierce point of the Boulder Vein 200m below existing resource outline.

• Drill hole DM-20-114 hit significant gold mineralization to the east and along strike of, the known resource mineralization. Hole 114 hit 107 g/t Au and 278 g/t Ag over 1.42 meters. Drilling in 2021 is following up this mineralization.

Figure 11 ESE trending MAG Linear shows potential extension to the east of the Boulder Vein system

• Airborne Mag shows a well delineated MAG feature extending to the ESE from the collar location at DM-20-114. Analysis of the MAG data and the drilling at and around hole 114 points to significant eastward extension of the mineralized Boulder Vein system to the east and highlighted by the Mag feature.

2020 Airborne Survey

The 2020 heliborne airborne survey at 100 meter line spacing highlighted a very strong northwest trending mag signature ( figure 10) which shows high contrast to surrounding rocks and abundant targets for further prospecting and drilling. There is very little outcrop available along this 12 kilometer trend and prospecting and soil sampling will be used to define priority drill targets. Off sets and linears show high potential for defining structural controlled type gold targets. In addition, five high priority targets were defined as potential copper porphyry targets (1-5) and are considered near drill ready ( figure 11).

Figure 12
Figure 13

*The scientific and technical data contained on this page was approved by William Cronk, P.Geo., a qualified person as defined in NI 43-101 and a consultant to the Company.