Projects

MPD

MPD Copper-Gold Porphyry Project

7850 hectare (78.5 km²) land package in South-Central British Columbia, Canada; 100% owned
Porphyry project consolidated from three properties (Man, Prime, Dillard); never explored as single project with modern methods
In a known, productive copper-gold porphyry belt; nearby mines with similar host rocks (Highland Valley, Copper Mountain, Mt. Milligan, New Afton)
Adjacent to highway with year-round access by service roads

Project Summary

129 drill holes (25780 m) completed from 1966 to 2014. Previous operators include Rio Tinto PLC (LSE:RIO) and Newmont Mining Corp (NYSE: NEM)
Numerous showings; copper confirmed to-date across a large, 10km² area
Favourable gold-to-copper ratios
Untested Cu and Au soil anomalies are near-term drill targets
Mineralization from surface, historic drill holes rarely tested below 200m vertical depth.
Limited deeper drilling confirms significant depth/size potential
2019 maiden drill program: discovery of Gate Zone, 102m of 0.68% CuEq (0.53% Cu & 0.16 g/t Au), best hole in 50-year history of the property
2020 drill program: discovery of central high-grade copper-gold zone within wider mineralized envelope at Gate Zone
Best intercept of 282 m of 0.70% Copper and 0.49 g/t Gold (1.16% CuEq), including 45.7 m of 1.41% Copper and 1.46 g/t Gold (2.75% CuEq)

The MPD Project is located in the Quesnel Trough, British Columbia’s primary copper-producing belt that hosts Teck Resource’s world-class Highland Valley Mine, Imperial Metals’ Mount Polley Mine, and Centerra Gold’s Mount Milligan Mine (see Table 1). The MPD project’s Nicola Belt geology has many similar characteristics to the neighbouring alkalic porphyry systems at the Copper Mountain Mine to the south and New Gold’s New Afton Mine to the north.

Table 1: Proven and Probable Reserves – Selected Quesnel Trough Copper Porphyry Mines

Property	Date	Operator	Tonnes	Copper Grade	Contained Copper	Gold Grade	Contained Gold	Silver Grade	Contained Silver
	(as at)		(millions)	(% Cu)	(millions of lbs)	(gram per tonne)	(millions of oz)	(gram per tonne)	(millions of oz)
Mount Milligan¹	Dec 2018	Centerra Gold	467.939	0.188	1,938	0.3	5.138	–	–
Copper Mountain²	Sep 2018	Copper Mountain	210.079	0.26	1,209	0.08	0.504	0.89	5.981
Mt. Polley³	Jul 2017	Imperial Metals	73.613	0.27	443	0.29	0.692	0.56	1.331
Highland Valley⁴	2018	Teck Resources	589,500	0.30	1.540	–	–	–	–

Sources:

Jeff Ward, P.Geo, and VP Exploration of the Company is a “Qualified Person” as defined under NI 43-101 has reviewed and approved the technical content of this web page.

Maps

Cross-section of drill holes from the second setup 75 metres south of the first, showing partial results from MPD-20-004 and MPD-20-005 (results pending).