Kiboko’s Harricana Project consists of 234 contiguous mineral claims covering more than 100 sq-km of prospective Abitibi terrain and is strategically located 55 km north of Val-d’Or, 85 km east of Rouyn-Noranda, and 15 km northeast of Amos. The Abitibi is a premier jurisdiction recognized for mining investment based upon its mineral potential, favourable geopolitical environment, historical and current mining, and ongoing exploration success.

 

Kiboko has compiled, digitized, and validated a new geospatial dataset for the Harricana Project from historical records that includes geological mapping, geophysics, geochemistry, numerous bulk samples, and assay data from 937 diamond drillholes totalling 139,397 m. Gold mineralization across the Harricana Project is principally observed as being coarse and is associated with quartz veins and in the surrounding wall rock but has yet to be evaluated using modern coarse gold techniques.

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Based upon a new structural interpretation and Kiboko's geospatial dataset, Kiboko drilled 11,269 metres of drilling over 70 holes for which final assay results were received near the end of the second quarter of 2023. The Phase 1 program was intended to verify a significant portion of the 79,565 m of historical Fontana area drilling, characterize gold mineralization in the wall rock surrounding the main vein systems, and partially validate the Fontana area Exploration Targets. Details regarding the Harricana Exploration Targets and the recommended exploration programs to validate them are presented in the Harricana Technical Report. 

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Kiboko believes that the areas targeted in the Phase 1 exploration program have the potential to support a near-surface, pit-constrained mineral resource.

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The Harricana Project benefits from an exceptional location, close to operating mines, with excellent access and proximity to existing infrastructure, including road, rail, and clean, low-cost, renewable hydroelectric grid power. The Project is also predominately located on forestry land that has an extensive road network and provides for a streamlined drill program permitting process. Kiboko’s current Environmental, Social and Governance activities include a commitment to hiring and contracting locally whenever commercially reasonable, and protecting the environment during its exploration activities.