2025 Drill Program Update
An initial 10-hole 3,000-metre (10,000 foot) drill program is well underway and on track for completion by the end of October. The drill program is designed extend the mineralization both along strike and dip, with the goal to expand the mineral resource, enlarge the open-pit model, and significantly enhance the Project's overall value.
These first two drill holes mark the completion of testing the near-surface high-grade mineralization associated with the Colorado Pit and the up-dip component of the Colorado SW Zone. The encouraging results reported today and the potential to further extend the gold mineralization fully support future drill campaigns in this target area.
Upon completion of the first two holes, the drill moved to the base of the canyon and changed target area to the testing of the down-dip extension of the Colorado SW zone with two drill holes, FCG25-31 and 32. Assay results for these drill holes are pending and will be released upon receipt.
The drill is currently focused on a series of holes, stationed at the base of the West Pit (Figure 2), targeting the mineralized horizon between the Colorado SW and North Fork zones. This area has experienced very limited historical drilling, is situated within the mineral resource pit shell, and is open for in-pit mineral resource expansion.
