Exploration Plans

The summer 2017 drill program is now underway on the Martiniere Property.

The focus of the summer drill program will be the expansion and infill of the four Bug Lake gold deposits in the interval between 300 and 500 vertical metres. Initial drilling of the Bug South deposit at these levels has shown a migration of the broader mineralized zones from the hanging wall side of the Bug Lake porphyry (Upper Bug Zone) to the footwall side (Lower Bug Zone). The highest grade sections of the Bug North deposit occur on the footwall side so we see this a potentially positive development, in particular since we are beginning to see some higher grade assay results in the Bug Lake footwall, such as the 14.28 metre intersection grading 3.51 g/t gold in hole MDE-17-285 announced on July 12th, 2017 (see NR 17-12).

On the broader Martiniere Property follow-up testing of the recent Horsefly and ME237 discoveries is planned, as well as a series of holes testing the Lac du Doigt (Finger Lake) fault zone. Horsefly and ME237 are the most recent of several near-surface high-grade veins systems occurring 300-500 metres east of the main Bug Lake Gold Trend. We view them as part of the much broader Martiniere gold system which remains open ended in virtually every direction.

To date the Company has tested a 750 metre stretch of the 5,000+ metre long Lac du Doigt fault system with three holes, all returning promising gold mineralization in a number of different environments. The summer of 2017 will see additional testing along and proximal to these new discoveries as we look to expand on the gold mineralized footprint and better understand this promising new gold bearing environment.

Modelling of the Bug Lake gold deposits, Martiniere West gold deposit and several nearby zones of gold mineralization is underway. Additional infill drilling during the summer 2017 season is anticipated, in addition to the ongoing expansion drilling to facilitate a maiden resource estimate for the Martiniere Property.