Benoist

Benoist

Benoist Gold Project

Miquelon, Québec (Lebel-sur-Quévillon area, Abitibi Greenstone Belt)

Number of Claims:

18

Area:

760.68 hectares

Ownership:

Option to acquire a 100% interest from Cartier Resources Inc.

Highlights

  • Located in the Abitibi Greenstone Belt (Québec), within the NE-oriented volcano-sedimentary corridor known as the Miquelon segment
  • Property architecture is predominantly ENE–WSW, with steeply dipping units and belt-parallel structural trends across the project
  • Benoist is interpreted as a structurally coherent gold system with mineralized cross-structures and sub-parallel systems
  • Historical NI 43-101 MRE (2020): 241.4 Koz AuEq (2.9 Mt @ 2.6 g/t AuEq) at a 1.5 g/t AuEq cut-off; including 222.8 Koz Au (2.9 Mt @ 2.4 g/t Au). Sensitivity indicates potential to increase to 341.4 Koz AuEq at a 1.0 g/t AuEq cut-off.* 
  • The deposit demonstrates 20 m average width, supporting potential for lower cut-off scenarios, and is open down-plunge
  • Extensive drill database at Pusticamica (reported as 30,524 m in 92 holes) supports resource refinement and step-out targeting
  • Multiple additional targets and showings across the broader property footprint provide upside beyond the current deposit area

* Historical estimate: a Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource; it should not be relied upon as current.

Geology, Geophysics & Targeting

  • Project architecture is predominantly ENE–WSW, with steeply dipping units and belt-parallel structural trends
  • Interpreted as a structurally coherent gold system with mineralized cross-structures and sub-parallel systems
  • Property-wide targeting includes high-resolution drone magnetics + EM to better define structural targets, supported by prospecting and mapping to identify new target areas
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Planned Work

  • Property wide:
    • High-resolution drone magnetics + EM to better define structural targets
    • Prospecting and mapping to identify new targets
  • Pusticamica Main:
    • Re-evaluation of MRE in current price environment
    • Drilling to expand
  • Lac Pusticamica-310:
    • Confirm orogenic-style gold mineralization
    • Drill targets based on geophysics and prospecting
  • Lac Pusticamica-146:
    • Confirm Ag-Pb-Zn veining and identify mineral system target
    • Drill targets based on geophysics and prospecting

Qualified Person

The scientific and technical information has been reviewed and approved by Mark Richardson, P.Geo. (OGQ Permit No. 10929), a Qualified Person as defined by National Instrument 43-101.