The Company has an option to earn a 100% interest in the Gator Property (the “Property” or “Gator“), which is made up of 160 mining claims that cover 3,306 acres (or 13.4 square kilometres) and is located on US federal land under administration of the Bureau of Land Management (or ‘BLM’).  The property has excellent year around access via all-weather county roads.

Location:

The Gator Property is located in Pershing and Lander Counties, Nevada, USA, approximately 56 km (35 miles) south-southwest of Battle Mountain, a well-established mining hub in north-central Nevada. 

The Gator Property is approximately 36 km to the southwest of the producing Pheonix gold/silver mine (7.2 million ounces – M&I resources*) that is currently in operation by Nevada Gold Mines (a joint venture between Newmont and Barrick) and 19 km to the west southwest from the past producing Cove McCoy mine (3.3 Moz of Au and 108 Moz of Ag **) that is now owned by I-80 Gold.

Geology & Mineralization:

The Gator Property is underlain by prospective lithologies that host and/or are proximal to a number of mineralizing systems in the region.  The Company has identified two priority targets at Gator: the Gator South target, which is in the middle of the property, and the GSX target, which lies withing the southern portion of the property.

Mineralization at Gator South target is interpreted to be a covered distal-disseminated style epithermal Au-Ag mineral system that occupies a down-dropped block within a north-south structural trend.  This geological environment is comparable to the surface expressions that overlay and/or are proximal to past producing mines in the region.

Mineralization at the GSX target is made up of strongly silicified sediments belonging to the Havallah Formation.  The anomalous gold, mercury and arsenic present throughout an area of 400 by 700 metres that is interpreted to be vapor phase alteration controlled by fault and fracture networks overlying a precious metals-bearing hydrothermal system lying at depth.

Prior work at Gator includes detailed geologic mapping, rock chip sampling, low-altitude UAV magnetics, structural interpretation, and target generation for the whole property, as well as 650 meters of RC drilling within the northern portion of the property. 

The project also benefits from data generated by a Department of Energy funded evaluation that included mapping as well as aeromagnetics, gravity and magnetotellurics geophysical surveys. 

The project has an existing Notice of Intent permit with the BLM, which with a modification will allow for drill testing of newly identified targets.

References:

* Barrick Gold – Nevada Site Visit – February 2026

** Economic Geology V103, 2008

Citations for historical data have been included to comply with NI 43-101 s. 3.5. Sources comprise archival and publicly available government and corporate records as noted. The Company and its Qualified Person have not verified these results, and they should not be relied upon except as indicators of the presence of mineralization requiring further exploration.