Drilling Highlights

The Cimarron Gold Project has seen significant historical drilling activity, providing a solid foundation for resource delineation and future exploration upside. The drilling confirms the presence of a porphyry gold-copper system with zones of high-grade gold mineralization and extensive alteration halos.

Drilling Summary

• Total Meters Drilled: 13,246 meters
• Total Holes: 106 drill holes
  • 82 Reverse Circulation (RC) holes totaling 9,384 meters
  • 24 Diamond Drill (DDH) holes totaling 3,883 meters

Resource Definition

• Calerita Zone:
  • Inferred Resource of 3.7 million tonnes @ 0.65 g/t Au
  • Containing ~77,000 ounces of gold
  • Defined by wide-spaced drilling and remains open in all directions

Key Mineralized Zones

• Calerita: Porphyry gold-copper mineralization with quartz-chalcopyrite-pyrite stockwork and disseminated chalcopyrite in altered intrusive rocks.
• Los Evanos & Monumentos: High-grade veins with gold values up to 128 g/t Au and 314 g/t Ag.
• Lobo Zone: Features residual quartz textures associated with high-sulfidation epithermal systems.

Drill Highlights

• CM08-01 @ 31.1m:
  • 1.95 g/t Au
  • Disseminated chalcopyrite with potassic-quartz alteration in quartz-monzonite
• CM13-016 @ 60.9m:
  • 1.78 g/t Au
  • Porphyry-style stockwork veinlets with visible chalcopyrite
• CIM25-JP009:
  • 1.33 g/t Au
  • Altered porphyry with chalcopyrite-bearing veinlets

Additional Observations

• High-sulfidation epithermal features and lithocap alteration at surface
• Tourmaline and volcanic breccias associated with gold mineralization
• Geophysical data aligns with drill intercepts, supporting ongoing target generation

Future Exploration

Unmodeled drilling data from the 2013 campaign suggests considerable upside potential. Expansion drilling is planned to:

• Extend mineralization along strike and at depth
• Confirm high-grade epithermal zones
• Update resource estimates in compliance with NI 43-101 standards