SUMMARY

  • Located in the North Ladue placer mining district of Yukon Territory
  • 100 km southwest of Dawson City
  • 100 km northwest of the Coffee Deposit (Newmont Goldcorp)
  • 12 km southwest of Matson Creek Airstrip (70 km north from Highway 9)
  • Hot Spot is brand new, grassroots high-grade gold discovery in an underexplored part of the Yukon Territory
  • Staked by Golden Sky Minerals in 2017
  • Located 25 km south of the Tanacross Cu, Mo, Au porphyry deposit (360,000 oz Au) currently being explored by Kenorland/Freeport McMoRan joint venture.
  • Located 100 km northwest of Newmont Goldcorp’s 5 million oz Coffee Deposit located in the Yukon’s relatively new White Gold District.
  • GEOLOGY
    • – Surface Mineralization hosted in an altered rhyolitic tuff are consistent with a low sulphidation epithermal environment
  • TRENCHING
    • – 0.42 g/t Au over 44mincluding 2.44 g/t Au over2m
    • – Drill Ready on bedrock
  • SOILS
    • – Soils define a 1700 x 300m Au anomaly
    • – 25 samples range between 200 and 4110 ppb Au
    • – Associated elements that correlate with elevated gold based on soil geochemistry returns the following elements: Au – Ag – As – Sb – Hg – Tl – Typical with Epithermal Low Sulphidation Deposits
    • (in order of highest to least)

     

  • SILTS
    • – 99th percentile silts in stream sediment samples collected in creeks draining from the property

EPITHERMAL GOLD DEPOSITS

  • Epithermal Gold Deposits tend to form in shallow environments like “hotsprings” and along structural corridors (cracks) in proximity to large magmatic intrusions and volcanoes
  • These magmatic intrusions may also serve as the source of Gold and Silver and develop as Cu+/-Au+/-Mo endowed porphyry deposits below the surficial epithermal gold deposit
  • Gold within Low to High sulphidation epithermal tends to form along pyrite grains as fine disseminations throughout the rocks to higher grades associated with quartz veins
  • Deposits are typically well endowed with Au+/-Ag (in some cases they can include Cu, Pb and Zn) from 1-10+ Moz of gold

LOW SULPLHIDATION EPITHERMAL GOLD TARGET

  • Round Mountain (Historic ownership Barrick-Kinross):
    • A large bulk tonnage Low Sulphidation Epithermal Deposit containing 10 Moz of Gold located in Southern Nevada
    • Is one of the largest open pit operations in the world and contains pockets of some of the highest grade gold mined in the world
    • Gold is hosted throughout a permeable rhyolitic tuff and can occur within some of the pockets of “Bonanza” grades in quartz veins

Oxidation along quartz-gold bearing veinlets (Round Mountain)

High Grade “Bonanza” quartz-gold vein (Round Mountain)

  • Comparing to Round Mountain

    • • Gold hosting rocks on the Hot Spot discovery are analogous with the younger volcanic rocks at the Round Mountain Gold Deposit.

Auriferous limonitic crystal tuff
(0.42 g/t Au over 44m)

Auriferous limonitic crystal tuff

BURIED PORPHYRY TARGET

  • Low sulphidation epithermal at surface with potential buried porphyry at depth
  • Indicated batholith at depth by a large gravity low, believed to be the same one observed under the Kenorland/Freeport Taurus  deposit
  • High magnetic anomaly identified on Hot Spot identical to magnetic anomalies observed on Tanacross and the Pebble properties
  • Pb, Cu, Zn, Ag, Au geochemistry on the Hotspot property is likely peripheral to a porphyry-related mineralization similar to the Kenorland/Freeport adjoining Tanacross property

Analogues

  • Pebble style buried porphyry potential

HOTSPOT OVERVIEW

  • Original New Discovery
  • Strongly prospective geologic terrane with strong potential to a host Low Sulphidation Gold and buried porphyry deposits
  • Geophysical signatures similar to local significant prospects within the region
  • Property Geology and Geochemistry consistent with Low Sulphidation and Porphyry Models
  • 2020 Phase 1 Reverse circulation drill program complete with a discovery hole (HSRC 20 02) that assayed 1.34 g/t Au over 71.6m including 7.72 g/t Au over 6.09m

EXPLORATION FOR 2021

  • Phase 2: Planned program of Reverse Circulation and Diamond Drilling
    • A 2,000 3,000m RC and diamond drilling program to test shallow and deep low sulphidation gold mineralization, as well as for potential buried porphyry systems.