Alexander River

Tenement: EP 60446

Area: 16.75 km²

Ownership: 100%

Historical Production: 41koz at 26.4g/t Au (cut off grade 15g/t Au). Mine closed in 1942 due to WWII.

Located: 15km from the Blackwater Mine (740koz @ 14.6g/t Au)

• The Alexander mineralisation outcrops for over 1.2kms and is comprised of high-grade quartz reefs and disseminated mineralisation
• Surface trenching and channel sampling shows that the mineralisation ranges from 2-15m thick, with an average thickness and grade of 4m @ 8g/t Au
• Surface sampling identified four mineralised shoots
• Width suitable for mechanised mining

Alexander River has a Mineral Resource estimate of 170koz @ 5.0g/t Au at a 1.5g/t Au cut off

Significant visible gold intersected in the McVicar West Shoot in AX84

Trenching of quartz reef outcrop (over 800m long, 4m wide @ +8.0g/t)

High-grade trench & underground channel sampling (plan view)

Alexander River
(Siren Gold)

• 1,200m strike length
• Historical production of 41koz @ 26.4g/t Au (ceased during WWII)
• Alexander River potentially larger than Blackwater due to increased strike length (800m - 1,200m).

Blackwater
(Federation Gold)

• 800m long strike length.
• Historical production of 1.58Mt @ 14.6g/t Au for 740koz to 700m depth
• Mined to 700m and open at depth to 1,500m
• Resource of 700koz to a depth of 1,500m  (0.9Mt @ 23g/t Au)
• Federation Gold agreement with OGC to purchase asset and provide first US$5m funding
• Mining permit approved (6 months)
• Provincial growth fund have provided a $15m loan