Exploration & Growth Opportunities, Valentine, Canada

Valentine currently hosts a robust +5-million-ounce resource base across 8 km of the 32 km long main Valentine Lake Shear Zone (“VLSZ”) which provides significant additional discovery opportunities from an extremely prospective array of exploration targets with a similar geological setting to the prolific Val-d’Or and Timmins camps in the Abitibi gold belt. Between the two main shear zones, the VLSZ and the parallel Northwest Contact Shear Zone, there is a combined potential of up to 64 km of high-value discovery opportunities. As we rapidly expand our knowledge base with incoming results, we have expanded the drill program to include an additional 100,000 metres. This exploration program is designed to confirm the vast potential of the Valentine mineral system. The district has the potential to significantly extend mine life and shape our considerations for the Phase 2 mill expansion, aiming for increased throughput of the process plant.

Regional Exploration Highlights

  • Five Deposits identified to date with Mineral Resources
  • Three deposits in the Life of Mine Plan (LOMP): Leprechaun, Marathon and Berry
  • Two deposits have been explored but are not in the current LOMP: Sprite and Victory
  • Exploration has been confined primarily to a 6-kilometre corridor between Leprechaun and Marathon Deposits, and the “Valentine Hill (Victory Deposit) out of a 32-kilometre long mineralised trend
  • Grassroots exploration in Eastern Arm and Western Peninsula of property
Valentines Exploration Figure