Known Mineralization and Potential

Base Metal Mineralization

To date only minor occurrences of pyrite, pyrrhotite and sphalerite (Zn-sulphide) have been noted in drilling on the Jeremie Property. Over 30 known conductors or conductive trends remain to be tested. The occurrence of ultramafic rocks forming part of or potentially related to the Grasset Ultramafic Complex indicated potential for the discovery of nickel-copper-PGE sulphide mineralization similar to the Company’s H3 Zone. As well the Fenelon felsic volcanic complex is interpreted to trend onto the Jeremie Property indicating potential for Cu-Zn VMS mineralization. Initial testing by Balmoral in 2015 intersected two zones of anomalous zinc-lead-copper mineralization, associated with zones of massive pyrrhotite and pyrite in a previously untested area of the property.

Gold Mineralization

Gold mineralization is a low priority target on the Jeremie Property due the distance of the property from the Sunday Lake regional deformation corridor. Structural zones along the margin of the Jeremie pluton would provide a permissive geological environment for mesothermal gold mineralization.