Mahogany Project

High-level epithermal system with
high-grade gold at the surface

Mahogany Overview

Exploration 100% funded by Newmont
Headwater core drilling in 2021 encountered 1.47 g/t Au over 12.25 m including 9.37 g/t Au over 0.73m
Multiple high-priority drill targets identified for 2023 Phase 2 drill program funded by Newmont

High gold values in Headwater outcrop rock grab samples (up to 170.00 g/t Au), limited shallow historic drilling

Multiple zones of anomalous gold encountered in greenfields scout drilling program

First-pass drill program, totaling 810m, confirms presence of structurally-controlled high-grade gold zones
Core orientation data reveals the importance of northwest- and northeast-trending structural control on mineralization
Multiple targets yet to be tested