Investor Presentaiton
Lucky Shot Property Historic Resources¹
Historic M&I Reserve on Adjacent Coleman Segment of LS Vein:
206k Tonnes @ 18.3 g/t Gold for 121,500 Ounces of Contained Gold²
Willow Creek district historically produced 19 metric tonnes or approximately 610,874
troy ounces from ore ranging between 30 and 60g/t making it the third largest historic
lode gold producing district in Alaska (Harlan, et al., 2017)
Lucky Shot Mine reported 252,000 ozs from 169,000 tons of free-milling ore indicating
an average head grade of 40 g/t (1.6 oz/tonne) (Stoll, 1997), with additional
production from the Coleman and War Baby mines.
Resource Table from 2016 PFS for Coleman Segment of LS vein
The mineral resource is summarized in the table below:
Classification
Measured
Indicated
Measured + Indicated
Inferred
Tonnes
(x1000)
Gold
Silver
g/t
OZ.
g/t
OZ.
57.9
26.8
49,900
2.5
4,700
148.6
15.0
71,600
1.6
7,400
206.6
18.3
121,500
1.8
12,100
59.0
18.5
35,100
1.5
2,900
Lucky Shot Portal
Note: Measured, Indicated and Inferred mineral classifications are assigned according to CIM Definition Standards.
Mineral resources, which are not mineral reserves, do not have demonstrated economic viability and there is no
guarantee that mineral resources will be converted to mineral reserves. (1) The mineral resource estimate was prepared
by HRC based on data and information available as of February 1, 2016. The 2016 Measured, Indicated and Inferred
mineral resources are reported considering a base case estimate that applies a cutoff grade of 5 g/t Au based on the
estimated operating costs, historical recoveries, and a $1,265/oz gold price.
B-71
Circa 1930
"LUCKY SHOT MINE.
Hewitts Photo Shop
Anchorage Alaska
1 The historical production information presented is based upon reports file by the US Geological Survey from information provided by prior owners and operators of the mines. The Company has not
undertaken any independent work to verify or confirm the previously reported information (see Harlan, et al., 2017 and Stoll, 1997). The historical information may not be representative of
future results of the Company's activities
2 Based on a 2018 pre-feasibility study by Hard Rock Consulting. A qualified person (as defined by Securities and Exchange Commission rules) has not done sufficient work to classify the estimate as a
current estimate of mineral resources, mineral reserves or exploration results. The Company is not treating these estimates as current estimates of mineral resources, mineral reserves or exploration
results. The historical information may not be representative of future results of the Company's activities
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