Highlight Historical Drill Results:

• 55.63 g/t gold over 5.57 metres in hole BE13-038 (including 224 g/t over 1.23m)
• 13.07 g/t gold over 8.75 metres in hole B12-014 (including 58.5 g/t over 1.5m)
• 3.56 g/t gold over 28.4 metres in hole B14-006 (including 7.42 g/t over 5.5m)
• 10.28 g/t gold over 8.00 metres in hole B14-35 (including 86.74 g/t over 0.60m)

Current exploration activities:

• 3D Modeling of historical gold zone complete (Link to release)
• Maiden 5,000 meters of drilling currently underway 

The Beschefer Project covers approximately 962 acres and is located in the Northern Abitibi Greenstone Belt, 14 km east of the past-producing polymetallic Selbaie Mine, 45 km northeast of the Casa Berardi Mine and 30 kilometres from Wallbridge’s Fenelon Gold property. Historically, the area has mainly been explored for volcanogenic massive sulfide deposits similar to the Matagami camp and the Selbaie Mine.

Gold mineralization was discovered in the B-14 Zone in 1995 by Billiton Canada Inc. and the Beschefer Project saw very limited exploration before the involvement by Excellon in 2011, which completed approximately 17,000 metres of drilling up to 2013. There has been limited exploration at Beschefer since 2013 with the exception of 1,600 meters drilled by Wallbridge in 2018.

3D Model of Gold Zones:

The mineralized structure can be interpreted according to a moderately south dip plane which is also recognized by drilling over a strike length of 1,000 meters and followed over a maximum dip length of about 500 meters inside the Property limit. 

50 composites were used to build the model using a minimum cut-off grade of 1 g/t over more than 2 metres for an average of 3.5 g/t over 7 metres. The composite series includes 4 intervals with results above 10 g/t over more than 2,8m metres. All results were intercepted between 80 and 100% from their true thickness. 

The model developed is balanced between the manual interpretation of the gold-bearing structure, the hole-to-hole connectivity of composite grades, and the extrapolation along the North-East trend. In greater detail, plan views and sections sets are cut at every 20 meters. A cross-section interpretation was first built using 2 metres minimum width composites showing a minimum grade of 1 g/t. Composite grade was locally diluted by lower grade, but always clipped on the gold-bearing structure contact to generate more geometrical continuity. After the automatic meshing and corrections, the model was validated by slicing following the plan, cross section and longitudinal section views.