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New Eskay Creek
Gold, Silver

New Eskay Creek consists of 3,688 acres directly adjacent to and within one mile of the main portal of Barrick's famed Eskay Creek Mine. It is located in northwestern British Columbia, approximately 70 kilometers north of Stewart and 900 kilometers northwest of Vancouver. Given its close proximity to Barrick’s Eskay Creek Mine, the area has excellent infrastructure. Road access is provided by the Eskay Creek Mine Road, which extends from the Stewart-Cassiar Highway at Bob Quinn Lake and traverses through the western portion of the Company’s claims before it reaches the Eskay Creek Mine.

Prior to its closure in 2008, Barrick's Eskay Creek Mine was Canada's highest-grade gold mine and the world's fifth largest silver producer, with production well in excess of 3 million ounces of gold and 160 million ounces of silver. The average grade of the resource was 48.4 grams (1.56 ounces) per tonne gold and 2221 grams (71.4 ounces) per tonne silver. The Eskay Creek deposit was also estimated to contain approximately 3.2 % lead, 5.2 % zinc, and 0.7 % copper.

According to British Columbia government records documented in BC MINFILE 104B 008, the major geological structure at Eskay Creek “is interpreted to be an asymmetric anticline which plunges gently to the northeast. The anticline is broken by a series of high-angle faults. Major faults strike north-northeast; minor ones north-northwest. Several northerly to northeasterly trending lineaments also traverse the property.” Considering that the Company’s claims abut the length of the entire northern boundary of the Barrick leasehold, the northerly and northeastern directional indications of the orebody strike length make it clear that the Company has successfully secured a position of considerable strategic importance relative to the Eskay Creek deposit.