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Exploration

2017 Olive-Shamrock Program

The Olive-Shamrock zone represents a shear hosted gold exploration target genetically related to the Eagle gold deposit: an intrusion-related gold system associated with Cretaceous Tombstone and Mayo suite granodiorite intrusions and structurally-controlled high-grade gold-sulphide ± silver-sulphosalt veins. The zone is located approximately 2 km from Victoria's Eagle gold deposit, is defined by a broad gold/arsenic in-soils geochemical anomaly, lies on the intrusive-sediment contact of the Potato Hills Trend (as is Eagle) and is punctuated by several historically exploited high-grade sulphide veins. The Olive-Shamrock area was mined underground on a small scale from shallow shafts and adits in the early 1900's and via placer mining in creeks draining the area in the ensuing years. The Olive vein system is located near the top of Olive Gulch and consists of gold-bearing quartz-scorodite-arsenopyrite vein material. Historic exploration was successful in identifying high-grade near surface mineralization over significant widths including:A 200 metre trench excavated and sampled in 1991 exposed a zone of quartz and quartz-arsenopyrite veins hosted in the Dublin Gulch granodiorite that averaged 1.2 g/t Au over 97.6 metres.Diamond drill hole 91-012C collared in the trench intersected 89.9m grading 1.08 g/t Au.

This program included an in-fill and step-out drilling within the core Shamrock Zone, as well as areas southwest of the Olive-Shamrock open-pit as envisioned in the 2016 Eagle Gold Project Feasibility. The Olive-Shamrock drill campaign was designed to expand upon the Phase II 2016 program in the northeast portion of the Olive deposit testing along strike. The 2017 Olive-Shamrock program culminated in 36 drill holes totaling 6853.32 metres of drilling.

Table 7: Highlighted results from the Shamrock Zone 2017 drilling are summarized in the table below:

Hole ID From
(m)
To
(m)
Length (m) Gold (g/t) Silver (g/t)
DG17-797C 4.2 39.5 35.3 0.61 0.94
including 29.5 39.5 10.0 1.94 0.55
DG17-818C 32.0 71.6 39.6 1.0 1.70
including 36.6 61.0 24.4 1.36 12.46
and including 54.9 61.0 6.1 2.99 2.31
and including 70.1 71.6 1.5 3.33 -
DG17-822C - - - - -
DG17-824C 79.0 169.2 90.2 0.48 0.94
including 91.4 105.2 13.8 1.20 0.63
and including 118.9 125.0 6.1 1.13 -
and including 158.5 160.0 1.5 3.02 22.50
DG17-828C 79.3 172.2 93.0 0.40 0.54
and including 132.6 134.1 1.52 4.95 -
and including 152.4 154.1 1.73 2.65 -
DG17-830C 77.9 81.4 3.5 0.60 1.52
and 153.9 155.5 1.6 4.44 -
DG17-834C 53.3 57.9 4.6 0.77 -
and 73.5 74.2 0.7 9.37 3.30
and 140.2 141.4 1.2 3.46 -
DG17-836C 7.6 9.1 1.5 1.54 -
and 50.3 51.8 1.5 1.21 -
and 100.6 102.1 1.5 2.79 -
DG17-838C 9.1 10.7 1.6 0.77  
and 33.5 35.1 1.6 0.62  
DG17-843C 74.7 76.3 1.6 0.79 1.40
DG17-845C 22.9 39.4 16.5 2.24 2.01
including 24.4 25.9 1.5 21.50 9.00
DG17-848C 68.0 90.5 22.5 2.78 33.15
including 74.2 80.8 6.6 9.12 105.46
or including 76.2 79.6 3.4 15.75 169.15

* Note: Reported intersections are drilled intersections, and are estimated at approximately two-thirds of true width of the mineralized zone.

Highlighted results from the Olive Zone 2017 drilling are summarized in the table below.

Hole ID From (m) To (m) Length* (m) Gold (g/t) Silver (g/t)
DG17-839C 15.5 16.5 1.0 1.14 25.40
and 194.0 202.8 8.8 1.04 0.71
including 201.4 202.8 1.4 6.33 2.20
DG17-849C 92.0 115.0 23.0 0.89 1.44
including 92.0 101.1 9.1 1.16 2.17
and including 113.0 115.0 2.0 4.17 -
and 156.6 290.5 133.8 0.57  
including 167.6 168.6 1.0 4.71 -
and including 202.7 236.0 33.3 1.54 0.94
and including 213.8 215.8 2.0 6.21 2.90
and including 231.0 233.0 2.0 14.25 6.00
DG17-856C 89.0 90.6 1.6 2.39 -
and 144.3 150.4 6.2 0.93 1.00
and 228.4 290.0 61.6 0.77 -
including 228.4 242.0 13.6 1.08 -
or Including 236.0 242.0 6.0 1.64 1.14
and 279.0 288.1 9.1 3.14 -
including 279.0 280.7 1.7 14.30 -
and 339.5 341.1 1.6 2.32 -
DG17-865C 216.6 235.4 18.8 0.64 -
including 220.6 226.1 5.5 2.05 -
DG17-883C 177.4 198.8 21.4 0.96 0.97
including 182.8 198.8 16.0 1.16 1.18
and including 184.7 192.6 7.9 1.74 1.30
and 249.1 251.0 1.9 1.01 -
and 292.2 294.9 2.7 1.10 6.70
DG17-889C 251.2 253.5 2.3 1.02 -
and 263.0 264.6 1.6 2.66 -
and 307.4 334.0 26.6 0.86 -
including 302.5 316.4 13.9 1.56 -
and including 307.4 309.4 2.0 7.39 -
and 341.0 342.5 1.5 6.29 -

*Apparent true widths are estimated at approximately 70% to 80% of intersection lengths.

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