2022 NI 43-101 Resource Containing
​861,400 oz Au & 4,678,000 oz Ag

Location

Precious Metals Development District

The ​Newton property is located approximately 100 km west of the city of Williams Lake in central BC within a region characterized by plateau lands with gently rolling hills and other characteristics favourable to project development. The district is well served by existing transportation, power, infrastructure and a skilled workforce which support numerous operating mines as well as late-stage mineral development and exploration projects. Conditions are suitable for year-round exploration and development activities.
  • ~180 km south of Artemis’ Blackwater Project (11.9M oz Au and 128M oz Ag)
  • Blackwater was acquired from Newgold for $120M IN 2020
  • Blackwater is permitted and in development
  • 50 km northeast of Taseko Mines Prosperity Deposit (13.3M oz of Au & 5.3B lbs Cu)

Project Overview

Unrivalled Precious Metals Project Upside

  • The Newton Gold Project has had nearly 30,000 m of drilling by its previous owner, Amarc Resources Ltd., where they explored and developed the resource between 2009-2012
  • The Newton Gold Project encompasses more than 24,000 Ha and the deposit contains 861,400 oz Au & 4,678,000 oz Ag (Table 1-1) and represents a major undeveloped discovery
  • The IP anomaly measures 4 km x 2 km and covers an area greater than 7 sq/km – yet the current resource occupies slightly over 0.5 sq/km or just 7% of the anomaly
  • The Newton Gold Project is a large, low - to intermediate-sulphidation, epithermal gold deposit that formed at about 72 Ma (Re-Os date by McClenaghan, 2012), contemporaneous with felsic volcanic and intrusive rocks emplaced into a rifted, structurally-active graben
  • Gold and associated base metal mineralization precipitated in extensive zones of strong quartz-sericite alteration
  • Gold mineralization is predominately hosted by Late Cretaceous felsic volcanic and intrusive rocks but also occurs in mafic volcanic and clastic sedimentary rocks and along fault and fracture zones
  • The alteration types and metal associations at Newton are nearly identical to those epithermal gold deposits in British Columbia – including the large Blackwater, Prosperity, Brucejack and Snowfields deposits

Cross Section of the Newton Deposit

Consistent Mineralization From Top to Bottom

Select Drill Intercepts

Football Fields of Contiguous Precious Metals Zones

Resource Upside of Existing Deposit

  • Northern portion of resource has multiple gold grades in excess of 1 gpt
  • Hole spacing prevents intersections from being incorporated into current resource
  • Room to expand outside of current resource pit shell
  •  High grade intervals marked as waste in resource
  • Multiple high-grade intersections exist outside of the current resource
  • Strong continuity of high grade within main zone
  • Open in almost every direction and at depth

Main Zone – Vein Stockworks
​
  • Typically, around 2 gpt Au
  • up to 8 gpt Au
  • Ag can reach up to 200 gpt
  • Pb, Zn, Mo are present as well
  • The IP anomaly measures 4 km x 2 km and covers an area greater than 7 sq/km
  • Yet, the current resource occupies slightly over 0.5 sq/km or just 7%​ of the anomaly

Untested Mineralized Trend

IN RED: Possible resource expansion,
​proposed exploration area

Newton 2022 ExplorationGoals & Strategies

Infill and exploratory program planned for Q4 of 2022.

  • INCREASE DRILL DENSITY IN TARGETED AREAS LEADING TO INCREASES MINERAL RESOURCE
    • Drilling areas of high probability to host mineralization along periphery or existing drilling, near surface to deep drilling
    • Drilling specific gaps, coordinates, zones recommended by RPA for where the model is forced to decrease grade due to inadequate drill spacing. Note only in known mineralized areas (low hanging fruit/infill drilling)
  • EVALUATE THE FOOTPRINT OF THE MINERALIZATION
    • Explore near surface felsic volcanics with anomalous geochemical signatures coupled with moderate resistivity and chargeability
    • Exploration of deeper open mineralized felsic volcanics (ie. below 9004 and 9005)
    • Assess structural connection between two blocks separated by Newton Hill Fault
    • Understand the trending direction and morphology of the system
  • EVALUATE TARGETS DEFINED FROM SCIENTIFIC ANALYSIS
    • Evaluate additional domains of exploration potential in mafic volcanics, expanding discovery beyond felsic volcanics
    • Find further evidence of untested mineralization, geochemical and geophysics anomalies

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