Olive-Shamrock

Overview

Olive Shamrock Property Location

The Olive-Shamrock zone represents a shear hosted gold exploration target genetically related to the Eagle gold deposit: an intrusion-related gold system associated with Cretaceous Tombstone and Mayo suite granodiorite intrusions and structurally-controlled high-grade gold-sulphide ± silver-sulphosalt veins. The zone is located approximately 2 km from Victoria's Eagle gold deposit, is defined by a broad gold/arsenic in-soils geochemical anomaly, lies on the intrusive-sediment contact of the Potato Hills Trend (as is Eagle) and is punctuated by several historically exploited high-grade sulphide veins.

The Olive-Shamrock area was mined underground on a small scale from shallow shafts and adits in the early 1900's and via placer mining in creeks draining the area in the ensuing years. The Olive vein system is located near the top of Olive Gulch and consists of gold-bearing quartz-scorodite-arsenopyrite vein material. Historic exploration was successful in identifying high-grade near surface mineralization over significant widths including:

A 200 metre trench excavated and sampled in 1991 exposed a zone of quartz and quartz-arsenopyrite veins hosted in the Dublin Gulch granodiorite that averaged 1.2 g/t Au over 97.6 metres.

Diamond drill hole 91-012C collared in the trench intersected 89.9m grading 1.08 g/t Au.

2009 - 2012 Olive Programs

5 Trenches were constructed in 2009 in the Olive area and returned further positive results. Subsequent drilling by Victoria in 2010 (2,451m from 11 drillholes) verified the historically reported gold mineralization at shallow depths (DG10-384C: 20.3m grading 1.93 g/t Au [from 18.1m to 38.4m] plus 41.1m grading 0.96 g/t Au [from 49.1m to 90.2m]). 2011 saw Victoria drill 2,005m from 10 drillholes.

In 2012, Victoria conducted another diamond drill program on the Olive Zone entailing 2,996m from 11 drillholes. The most significant result from these holes was 26.50 m of 2.69 g/t Au within hole DG12-531C. Additionally, the 2012 drilling intersected multiple high grade gold intervals including 1.5 m of 5.62 g/t Au and 1.3 m of 39.2 g/t Au.

Table 1: presents a summary of the 2012 significant intersections from the 2012 diamond drill holes, Olive Zone.

Drill HoleFrom (meters)To (meters)Length (meters)Grade (g/t Au)
DG12-525C116.50123.877.371.72
DG12-526C179.91187.727.811.44
DG12-526C201.73207.846.111.06
DG12-527C282.50286.804.302.11
DG12-529C84.0394.1410.112.56
including87.8689.291.438.09
DG12-529C145.80150.364.563.28
DG12-530C124.60131.006.403.12
DG12-531C146.50173.0026.502.69
including165.40166.701.3039.20
DG12-532C72.0073.501.505.62
DG12-533C63.0464.501.468.02
DG12-533C166.50172.506.001.83
DG12-533C186.90188.501.608.48
DG12-534C177.40178.951.558.87
DG12-535C178.80180.701.906.77
DG12-535C188.80190.301.506.68
DG12-535C208.00209.201.207.97

N.B. The above widths are reported as drilled as true widths have not yet been determined, but have been estimated at two thirds downhole length.

The best surface sampling result from the 2012 program returned 189.5 g/t Au, 64.0 g/t Au and 11.5 g/t Au (all grab samples) from arsenopyrite and scorodite-arsenopyrite veins in trench OLTR-09.

Through 2012, approximately 9,000m of diamond drilling had been conducted at Olive, bolstered by approximately 1,000m of trenching.

2007 - 2012 Shamrock Programs

Shamrock saw underground development contemporary with, and akin to the early 1900's Olive exploitation. After that, only limited exploration of the Zone was conducted until the early 1990's when 152 metres of Reverse Circulation exploration was completed in 1992.

A more focused exploration campaign on Shamrock began in 2007 with 868 metres of diamond drilling which was followed in 2010 with 1,693 metres of diamond drilling and a further 2,480 metres of diamond drilling and 300 metres of Reverse Circulation drilling in 2011.

Three seasons of limited surface trench and resultant mapping and sampling were also conducted on Shamrock in 2006-2010 with a total of 1,795 metres of trenches completed.

Table 2: Select Shamrock Drillholes Mineralized Intervals

DrillholeFrom (meters)To (meters)Length (meters)Grade (g/t Au)
92-036R16.7622.866.103.75
and 67.0673.156.091.57
92-038r32.0038.106.100.84
and 124.97132.597.621.05
DG07-321C23.7739.0115.241.11
DG07-326C72.2482.9110.671.94
DG07-328C158.85166.267.414.27
DG07-329C6.5321.1714.641.10
DG10-377C5.8036.3030.5012.03
including 5.8018.0012.2027.98
DG10-386C143.70154.5310.832.11

N.B. The above widths are reported as drilled as true widths have not yet been determined, but have been estimated at two thirds downhole length.

2014 Olive-Shamrock Program

Phase 1 of the 2014 program included 3,000 m of in-fill, step-out and exploration diamond drilling complete with preliminary metallurgical testing. The latter demonstrated the Olive Zone is amenable to heap leaching and a comprehensive test program was designed and implemented in the Olive 2014 Phase II program.

Together, the Phase 1 and 2 Olive 2014 Programs culminated in:

  • 68 Diamond drill holes
    • 49 Exploration Drillholes - HQ
    • 12 Metallurgical Test holes - PQ sized
    • 7 Geotechnical Drillholes - HQ sized
  • 9,832 meters of core diamond drilling
    • 7,885m Exploration drilling
    • 920m Metallurgical drilling
    • 1,027m Geotechnical drilling
  • 882 meters of Surface Trenching
  • 6,757 drill core and trench assays
  • 18 line km Geophysics (I.P./VLF-EM)

Table 3 - Olive-Shamrock Zone 2014 Phase I and II Diamond Drill Summary Results

Hole IDFrom (m)To (m)Length (m)Gold (g/t)
DG14-582C11.126.615.52.62
including15.826.610.83.62
DG14-583C1528.313.31.13
including2428.34.32.31
and42.948.55.61.50
and90.3108.217.91.23
and166.8178.211.41.39
DG14-584C60.7130.469.72.29
including65.5114.949.42.91
including85.3114.929.63.90
DG14-585C152.5164.812.31.19
DG14-586C26.8122.996.11.22
including33.458.4252.19
and107.3122.915.62.02
DG14-587Cmetallurgical test hole
DG14-588C46.214699.81.02
including46.277.731.52.19
DG14-589Cmetallurgical test hole
DG14-590C36.6131.194.50.99
including74.4109.735.31.67
DG14-591Cmetallurgical test hole
DG14-592C15.247.832.60.97
DG14-593C165.1175.910.80.91
DG14-594C145.1150.25.11.38
DG14-595C40.952.511.60.71
DG14-596C30.341.711.40.95
DG14-597C4.610.45.81.26
and100.9123.9231.43
DG14-598CNo significant values
DG14-599C67.182.415.30.93
DG14-600C392.689.61.18
including42.284.742.52.36
DG14-601C46.451.14.70.67
DG14-602C27.1329.041.911.57
and48.551.933.431.01
and79101.522.51.03
DG14-603C34.6147.4512.841.00
and100.14102.452.311.57
and141.5142.511.98
DG14-604C2538.2213.220.97
and63.566.052.551.27
and88.5967.51.17
and127131.54.50.97
and144.5149.124.620.99
DG14-605CNo Significant Values
DG14-606C6.526.5620.061.10
and43.4148.835.420.99
and58.55645.451.15
and8891.323.320.96
and106.22111.55.280.80
and17717811.50
and204.5208.794.291.05
DG14-607CNo Significant Values
DG14-608C912.053.051.45
and29.23333.771.64
and42.9747.54.532.11
and104.7411712.261.67
and151.29155.34.011.17
and168.25178.2810.031.17
DG14-609C136141.465.460.51
DG14-610C6170.629.620.47
137.71157.1219.410.45
DG14-611C112.5135.3522.850.68
including133.2135.352.155.25
DG14-612C84.0997.513.410.96
Including85.2586.51.254.98
and123.24136.4813.240.37
and151175.724.70.74
including161.5164.534.82
DG14-613C19.2548.0428.790.81
including39.0147.058.042.13
DG14-614C97.54103.045.51.20
and120.37126.245.870.74
DG14-615C4655.59.50.38
DG14-616C55.5567.912.350.73
Including65.5366.91.374.91
DG14-617CNo Significant Values
DG14-618C44.1545.581.431.30
109.4110.30.92.10
DG14-619CNo Significant Values
DG14-620C95.52116.0220.50.91
Including95.52101.86.282.14
and Including112.81117.54.690.94
DG14-621C615.059.050.47
DG14-622C65.53169.93104.40.55
Including106.02148.3542.330.86
Including145.26169.9324.670.76
DG14-623CNo Significant Results
DG14-624C162.25168.876.620.61
Including164.13165.71.572.46
DG14-625C28.24345.760.38
and73.3688.1714.810.43
and101.5109.528.020.39
DG14-626C94.512227.50.93
Including101.0812220.921.16
and131144.0513.050.38
DG14-627C88.5196.598.080.43
Including88.5190.151.641.56
DG14-628C13.864531.141.06
Including22.9643.520.541.42
DG14-629C17.6819.641.960.89
DG14-630C57104470.60
Including5769.8312.831.01
DG14-631C8.2815.697.410.36
Including13.7615.691.931.12
DG14-632C35.567.5320.61
Including35.552.817.30.87
DG14-633C97.34122.1924.850.61
Including120.4122.191.795.15
and162.86187.8224.960.51
Including165.99167.171.189.01

Note: Reported intersections are drilled intersections, as true widths have not yet been determined.

Trenches

During the course of the Phase 2 Olive-Shamrock Zone program, 17 trenches were excavated and sampled. In total, 882m of trenching was completed and 800 trench samples collected and analyzed. These trenches represented a combination of targeted trenches across the width of the Olive-Shamrock Zone and from side cuts made available during construction of access roads.

The 2014 Olive-Shamrock Zone trenching program proved effective in defining high grade surface mineralization within the Olive shear zone and confirmed that the Olive-Shamrock Zone mineralization defined at depth extends to surface along the strike of the Olive-Shamrock Zone.

Table 4: 2014 Olive-Shamrock Zone Trenching Program Summary Results

Trench IDTrench Length (m)From (m)To (m)Interval Length (m)Gold (g/t)Zone
OLTR14-0112012120.43Main
OLTR14-0290990.14Main
OLTR14-03a707.57NSVNE
OLTR14-03b13.5013.513.5NSVNE
OLTR14-0437021211.83Main
and-26.53710.51.67Main
OLTR14-0572072721.16Main
including-933243.42Main
OLTR14-0634034340.53NE
including-2034141.17NE
OLTR14-073003030NSVSW
OLTR14-082102121NSVSW
OLTR14-09351760.38SW
OLTR14-1081053530.28SW
OLTR14-113403434NSVSW
OLTR14-1213001301300.49NE
including-96130341.77NE
OLTR14-13110464931.15SW
OLTR14-146106161NSVSW
OLTR14-156606666NSVSW
OLTR14-1679012121.15Main
and-3351180.56Main
and-576580.55Main
OLTR14-1758225231.19NE
including-81572.33NE
and-4457130.78NE
including-465151.93NE

2016 Olive-Shamrock Program

The 2016 Olive-Shamrock exploration program was designed to increase confidence in a potential gold resource estimate and expand the Olive-Shamrock Zone along strike and across the interpreted mineralization controlling structure. The Olive-Shamrock Zone has been tested over a strike length of 1.5 kilometres and approximately 300 metres in width, with the main focus of 2016 drilling concentrated within an area of approximately 500 metres by 300 metres, the Olive Main Zone.

Phase 1 Olive-Shamrock 2016 Program culminated in:

  • 89 Diamond drill holes
  • 12,545 meters of core diamond drilling over the following Zones:
    • Olive Zone 8,922m; 63 DDH
    • Shamrock: 2,995m; 21 DDH
    • Geophysical targets 300m; 2 DDH
    • Step-out exploration 357m, 3 DDH
  • 1,018 meters of Surface Trenching in 33 Trenches
  • 33.5 line km Geophysics - I.P./VLF-EM

Highlights from the 2016 Olive-Shamrock Drilling campaign include; 38.1m at 2.1 g/t and 11.8m at 2.7 g/t gold, 144.5m at 1.2 g/t and 73.8m at 1.6 g/t gold, 26.5m at 2.1 g/t Gold, 46m at 2.5 g/t and 47m at 1.5 g/t gold, 40m at 2.1 g/t gold and 37m at 1.9 g/t Gold and 168m at 0.92 g/t including 30m at 2.85 g/t Gold.

Table 5: 2016 Olive-Shamrock Zone Drilling Program Summary Results

Hole IDFrom (m)To (m)Length (m)Gold (g/t)
DG16-643C6.1172.2166.10.8
including6.165.959.81
and120.6161.5411.1
DG16-644C80117.737.71
DG16-645C21.326.34.91.2
and74.7109.234.51
and119.4130.310.90.7
DG16-646C27.491.4640.7
including27.447.620.22
DG16-647C55.6111.956.30.4
including73.583.29.61.3
DG16-648C24.452.227.80.18
DG16-649C5.5137.2131.70.32
including5.516.711.21.1
and85.791.15.42.7
DG16-650C93.62105.4511.832.7
and132.59170.6938.12.1
and194.61201.516.92
DG16-651C69.483.714.31
and143150.97.90.9
DG16-652CNo Significant Values
DG16-653C19.4120.8101.40.5
including59.475.816.41.2
and91.4107.916.51.3
including95.899.74.63.8
DG16-654C41.6183.61420.6
including41.646.24.63
and76.281.55.31.2
and7879.51.54.2
and113.3122.49.11.6
and134.7146.211.51.7
and164.3179.715.41.3
DG16-655C11.3155.8144.51.2
including11.317.56.25
and42.486.744.31.8
including50.967.416.54.2
and111.1129.518.41.7
and154.8155.818.4
DG16-656C35.9109.773.81.6
including35.946.510.69.1
and68.677.79.10.8
DG16-657C6.6164.61580.4
including6.614.47.81.2
and69.881.111.21.48
and92.493.71.36.2
DG16-658C3.05132.3129.250.5
including17.2191.84.9
and43.146.23.12.6
and106.511912.51.5
DG16-659C
DG16-660C36.1117.381.20.5
including6480161.6
including77.7802.37.8
DG16-661C5.4175.3169.90.3
including5.416.911.51.7
and59.470.310.90.8
and80.381.81.54.5
and142.3144.52.22.1
and174.3175.312.6
DG16-662C19.141.522.41
including3236.94.94.2
and86.7140.253.50.4
including93.3103.410.11.1
DG16-663C83111.428.41
including8392.19.12.6
and124.4161.537.21.5
including136.8153.917.12.7
DG16-664C38.168.730.60.5
including5968.79.71
and99.5123.423.90.6
including106.7121.915.20.7
DG16-665C88.4111.322.91.5
including94.599.14.64.3
and121.9143.421.50.4
including132.6138.76.10.8
DG16-666C29.630.81.27.5
DG16-667C91.1155.564.30.7
including97.5103.66.11.5
including132.8141.78.91.5
and198.1199.61.57.8
DG16-668C40.353.713.41.5
including40.346.96.63
DG16-669C1.555.954.41.3
including16.63215.42
DG16-670C33.570.136.60.4
including57.570.112.60.8
DG16-671C1.768.266.51.1
including10.937.526.52.1
DG16-672C138.7252.8114.10.6
including162.2177.715.52.3
DG16-673C38.186.948.80.9
including42.771.6291.3
DG16-674C4.617.212.60.9
DG16-675C4793461.1
including51.371.620.32.1
DG16-676C27.184.857.70.5
including27.140.813.71.4
DG16-677C24109.585.50.9
including2470.746.71.5
DG16-678C36.673.236.60.9
including37.358.521.21.5
DG16-679CNo Significant Values
DG16-680C27.473.245.72.5
including28.839.610.98.2
DG16-681C23.3240.71
and73.874.812.6
DG16-682C116.2184.468.20.44
including116.2131.114.80.62
and including164.5184.419.90.66
DG16-683C41.950.48.50.8
including41.9431.15.9
DG16-684C14.716.727.8
DG16-685C52.660.17.51.3
and92.7184.491.70.4
including92.7117.624.91
DG16-686C50.385.435.11.75
including67.68416.42.87
DG16-687C123.2141.818.62
including137.4141.84.47.32
DG16-688C9.139.630.50.49
including9.121.412.21.09
DG16-689C62.5123.460.90.67
including6165.44.42.06
and79.895.715.91.39
DG16-690C37.451.313.90.29
and112.5125.5130.35
DG16-691C13.334.220.90.72
including18.53011.51.19
and123.5143.820.30.46
including125.7141.215.50.57
DG16-692C60.163.83.73.16
DG16-693C39.245.66.40.74
DG16-694C47.4133.385.90.35
including63.481.718.31.04
and including120.6133.312.70.32
DG16-695C3.59.66.10.96
DG16-696C78179.6101.60.3
including155.5167.512.11.09
DG16-697C61.870.38.50.2
DG16-698C1.7169.2167.50.92
including10.740.830.12.85
and105.5162.857.31.01
DG16-699CNo Significant Values
DG16-700C37.9144106.10.94
including47.210658.71.21
and including116.2133.116.91.26
DG16-701CNo Significant Values
DG16-702C8.679.370.70.31
including12.820.47.51.52
DG16-703C4.931.126.20.31
including2227.15.10.96
DG16-704C68.8129.360.50.52
including68.889.620.80.98
DG16-705C16.630.513.90.3
including16.618.21.61.17
DG16-706C15.280.865.50.51
including33.549.315.71.51
DG16-707C22.6184.1161.50.46
including28.959.9311.3
and including156171.615.61.46
DG16-708C81.610018.40.34
and121.51242.50.48
and134.815318.20.37
including14415390.66
and161.5179.317.80.64
including161.5167.66.11.59
DG16-709C57.9164.016.10.66
DG16-710C27.155.728.50.98
including48.355.77.41.61
and118.3150.932.60.28
including118.3122.94.61.05
DG16-711C75.3120.3450.16
and147.6149.41.81.47
DG16-712C13.727.113.40.31
including21.727.15.40.69
DG16-713C3.169.868.70.33
including3.18.95.90.86
and14.422.480.69
and34.437.72.71.79
DG16-714C64.1121.657.50.82
including93.5121.628.21.35
DG16-715C38.512586.40.67
including38.59758.40.95
or38.58041.51.23
DG16-716C7.222.915.60.34
and37.744.26.61.22
DG16-717C105.8146.340.50.27
including135.4146.310.90.57
DG16-718C6.1132.6126.50.76
including31.8129.597.70.93
or31.871.539.72.09
DG16-719C3.2155.5152.30.62
including3.240.537.31.87
and including68.688.419.80.77
DG16-720C85.3137.251.80.49
including96108.612.61.16
DG16-721C89.793.63.90.18
DG16-722C15.578.863.30.69
including54.978.823.91.12
DG16-723C73.974.80.91.27
DG16-724C6.1114.3108.20.52
including13.769.155.40.92
or including13.731.717.91.69
DG16-725C58.960.920.9
DG16-726CNo Significant Values
DG16-727C16.336.116.60.3
including16.319.22.91.35
and85.3111.626.20.69
including93.61039.51.57
DG16-728C81.296.415.20.72
including81.288.77.451.2

Trenches

During the course of the 2016 Olive-Shamrock Zone program, 33 trenches consisting of 1,018 meters were tested by 500 assay samples. The trench results summarized below represent a combination of targeted trenches constructed across the Olive Zone to fill in areas crucial to the Olive Resource Estimate, trenches built parallel to access trails where bedrock exposure was evident and exploration trenches testing previously undrilled areas parallel to the Olive Shear Zone.

Olive trenches once again proved effective with respect to definition of surface mineralization within the Olive shear zone and support that the mineralization defined at depth extends to surface along the strike of the Olive Zone.

Highlights from the Olive Trench campaign include OLTR-16-10; 49.0m of 1.28 g/t Au from 0 to 49.0m, OLTR-16-14; 14.0m of 9.08 g/t Au from 0 to 14m; and OLTR-16-25 with 52.0 m of 4.41 g/t Au from 0 to 52.0m.

Table 6: 2016 Olive-Shamrock Zone Trenching Program Summary Results

Trench IDFrom (m)To (m)Length (m)Gold (g/t)
OLTR-16-04 313100.9
OLTR-16-05 227.523.50.49
including 18.027.57.51.07
OLTR-16-09 41170.8
OLTR-16-10 049491.28
including 1547321.87
OLTR-16-11 428190.31
OLTR-16-12 2442181.52
OLTR-16-14 014149.08
including 614815.62
OLTR-16-15 182960.38
OLTR-16-18 022220.42
including 161823.87
OLTR-16-19 0661.19
including 2422.67
OLTR-16-20 068600.21
including 61481.36
OLTR-16-21 0440.32
OLTR-16-25 052524.41
including 36521613.52
OLTR-16-26 022220.5
including 818100.87
OLTR-16-28 01121060.12
including 6686200.42
OLTR-16-31 822140.82

2017 Olive-Shamrock Program

This program included an in-fill and step-out drilling within the core Shamrock Zone, as well as areas southwest of the Olive-Shamrock open-pit as envisioned in the 2016 Eagle Gold Project Feasibility. The Olive-Shamrock drill campaign was designed to expand upon the Phase II 2016 program in the northeast portion of the Olive deposit testing along strike. The 2017 Olive-Shamrock program culminated in 36 drill holes totaling 6853.32 metres of drilling.

Table 7: Highlighted results from the Shamrock Zone 2017 drilling are summarized in the table below:

Hole ID From
(m)
To
(m)
Length (m) Gold (g/t) Silver (g/t)
DG17-797C4.239.535.30.610.94
including29.539.510.01.940.55
DG17-818C32.071.639.61.01.70
including36.661.024.41.3612.46
and including54.961.06.12.992.31
and including70.171.61.53.33-
DG17-822C-----
DG17-824C79.0169.290.20.480.94
including91.4105.213.81.200.63
and including118.9125.06.11.13-
and including158.5160.01.53.0222.50
DG17-828C79.3172.293.00.400.54
and including132.6134.11.524.95-
and including152.4154.11.732.65-
DG17-830C77.981.43.50.601.52
and153.9155.51.64.44-
DG17-834C53.357.94.60.77-
and73.574.20.79.373.30
and140.2141.41.23.46-
DG17-836C7.69.11.51.54-
and50.351.81.51.21-
and100.6102.11.52.79-
DG17-838C9.110.71.60.77
and33.535.11.60.62
DG17-843C74.776.31.60.791.40
DG17-845C22.939.416.52.242.01
including24.425.91.521.509.00
DG17-848C68.090.522.52.7833.15
including74.280.86.69.12105.46
or including76.279.63.415.75169.15

* Note: Reported intersections are drilled intersections, and are estimated at approximately two-thirds of true width of the mineralized zone.

Highlighted results from the Olive Zone 2017 drilling are summarized in the table below.

Hole ID From (m) To (m) Length* (m) Gold (g/t) Silver (g/t)
DG17-839C15.516.51.01.1425.40
and194.0202.88.81.040.71
including201.4202.81.46.332.20
DG17-849C92.0115.023.00.891.44
including92.0101.19.11.162.17
and including113.0115.02.04.17-
and156.6290.5133.80.57
including167.6168.61.04.71-
and including202.7236.033.31.540.94
and including213.8215.82.06.212.90
and including231.0233.02.014.256.00
DG17-856C89.090.61.62.39-
and144.3150.46.20.931.00
and228.4290.061.60.77-
including228.4242.013.61.08-
or Including 236.0242.06.01.641.14
and279.0288.19.13.14-
including279.0280.71.714.30-
and339.5341.11.62.32-
DG17-865C216.6235.418.80.64-
including220.6226.15.52.05-
DG17-883C177.4198.821.40.960.97
including182.8198.816.01.161.18
and including184.7192.67.91.741.30
and249.1251.01.91.01-
and292.2294.92.71.106.70
DG17-889C251.2253.52.31.02-
and263.0264.61.62.66-
and307.4334.026.60.86-
including302.5316.413.91.56-
and including307.4309.42.07.39-
and341.0342.51.56.29-

*Apparent true widths are estimated at approximately 70% to 80% of intersection lengths.

Spinach

Spinach is located along the same lithological contact as the Olive-Shamrock zone and was deemed a high-priority target to identify a mineralized shear zone related to the Olive-Shamrock Shear Zone located approximately 500 metres to the south. As part of the exploration drilling program at Spinach a series access trails and surface trenches were establish to assist in mapping the geological contacts in the Zone. The 2017 diamond drilling totaled 6,265 metres from twenty-two drillholes that targeted an area north of the Olive-Shamrock zone along the northern margin of Dublin Gulch Intrusive Stock. The area had seen no previous drilling but had been the subject of a detailed soils geochemical program conducted in early 2017 that had identified a co-incident gold/arsenic-in-soils geochemical anomaly in the area of the intrusive metasedimentary contact.

An increase in silver content associated with the gold mineralization at Spinach was noted and is interpreted to represent a secondary mineralization event with respect to the Olive-Shamrock deposit, a fact that highlights the mineral potential of this new area.

Spinach highlighted drilling results from 2017

Hole ID

From (m)

To (m)

Length (m)

Gold (g/t)

Silver (g/t)

DG17-850C

9.1

12.6

3.5

1.39

2.68

including

10.7

12.6

2.0

2.29

3.90

and

68.6

79.3

10.7

0.91

2.81

including

74.7

79.3

4.6

1.55

3.50

DG17-853C

22.9

54.9

32.0

0.78

3.34

including

29.0

30.5

1.5

3.29

5.70

and including

33.6

35.1

1.5

1.41

2.30

and including

42.7

44.2

1.5

3.55

2.60

and including

48.8

50.3

1.5

1.55

4.70

and including

53.3

54.9

1.5

3.69

28.20

and

102.1

108.2

6.1

0.98

1.22

and including

105.2

106.7

1.5

2.74

1.30

DG17-857C

13.7

18.3

4.6

2.41

6.82

and

38.1

51.8

13.7

0.44

5.95

including

44.2

45.7

1.5

1.50

5.10

and

81.9

86.9

5.0

4.26

7.45

including

85.3

86.9

1.5

13.40

21.70

and

101.0

103.1

2.0

1.50

4.70

and

126.5

134.5

9.2

0.53

-

including

129.4

131.1

1.7

2.47

2.10

DG17-860C

6.6

8.5

2.0

1.44

7.10

and

24.4

30.5

6.1

2.38

7.15

including

24.4

25.9

1.5

8.49

22.60

and including

44.5

47.2

2.8

1.25

8.83

and including

124.8

126.5

1.7

1.92

3.10

DG17-862C

10.7

147.8

137.2

0.40

7.48

including

33.5

104.1

70.5

0.58

12.68

and including

33.5

42.7

9.1

1.19

4.85

and including

63.7

72.3

8.6

0.93

60.42

and including

89.9

104.1

14.2

0.86

15.48

and including

99.1

105.7

6.6

1.30

23.03

and including

124.7

126.5

1.8

1.95

24.10

and including

138.7

140.2

1.5

1.40

12.30

and including

146.3

147.8

1.5

1.20

-

DG17-866C

21.8

23.7

1.9

1.00

25.10

and

29.0

30.5

1.5

1.49

14.50

and

85.3

99.7

14.3

1.04

-

including

95.5

96.0

0.6

25.70

9.30

DG17-870C

70.1

71.6

1.5

1.73

-

DG17-874C

76.2

77.7

1.5

1.33

-

DG17-877C

30.5

35.1

4.6

1.36

5.80

and

88.9

105.2

16.3

0.67

3.10

including

99.1

100.6

1.5

4.78

24.50

including

147.8

149.4

1.5

2.20

2.40

DG17-880C

18.3

19.8

1.5

2.93

12.80

and

56.4

73.2

16.8

0.82

10.99

including

71.6

73.2

1.5

6.62

62.80

and

88.4

89.9

1.5

1.36

6.40

DG17-884C

70.1

71.6

1.5

2.04

2.90

and

90.3

91.4

1.1

1.61

172.00

DG17-890C

-

-

-

-

-

DG17-893C

-

-

-

-

-

*Apparent true widths are estimated at approximately 70% to 80% of intersection lengths

2017 Olive-Shamrock Spinach Drilling

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