Jukulainen Gold Project

Jukulainen is an earlier-stage gold exploration project in the same region as the other three gold projects, in the heart of the MOGB. It has yet to be drilled, but outcrop sampling shows consistent and significant gold mineralisation (up to 43.7g/t Au with visible gold) over a sampled strike length of 80m within 4km of prospective shear zone.

Visible gold grains in an outcrop sample from Jukulainen that returned an assay result of 43.7g/t Au. Field of view in this photo is 3 x 2.5mm. The host rock is a mafic/intermediate volcanic and the visual estimate of the amount of gold in the sample is less than 1%.

The Jukulainen outcrop samples assayed up to 43.7g/t Au, with a second sample assaying 25.5g/t Au from that same location. A sample of 11.3g/t Au was recorded from an outcrop located approximately 30m further north. Encouragingly, only six of the twenty-five samples in the verified database failed to register a significant gold result. The mean grade of the remaining nineteen samples was 6.3g/t Au with a median of 2.2g/t Au.

The Company intends to commence scout drilling at Jukulainen as soon as practicable.