Kiboko’s Harricana Project consists of 234 contiguous mineral claims covering 102 sq-km of prospective Abitibi greenstone belt 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.

 

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.

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Kiboko has compiled, digitized, and validated a new geospatial dataset for the 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.

 

Kiboko has created three-dimensional exploration models for the Harricana Project based upon a new structural interpretation and the new geospatial dataset. This dataset does not have sufficient documentation to be considered verifiable for the purposes of mineral resource estimation, but is suitable for identifying mineralized structures, aiding in the planning of drill programs, and to provide a range of tonnes and a range of grades for exploration targets. The Company believes that the Exploration Targets have the potential to deliver near-surface pit-constrained mineral resources. Details regarding the Harricana Exploration Targets and the recommended exploration programs to validate them are presented in the Harricana Technical Report.