Figure 2

Figure 2

Oblique view at the three-dimensional MVI magnetic anomalies targeted for hydrothermal magnetite-copper-gold breccia bodies within the Hecla-Kilmer carbonatite complex. Shown is a north-south fence of drill holes, E- A - K, prioritized for first-pass drilling in September, 2020, selected from an array of potential locations identified on the Company’s drill permit and shown in Figure 1. The cursory 1969 historic drill holes shown in black are projected in real space. The 3-D magnetic inversion is from Condor Consulting, and is superimposed below the top view of the conductivity RDI inversion model completed by Geotech Ltd. and derived directly from the high resolution VTEM + airborne EM survey completed in July, 2020. The northern MVI magnetic anomaly is associated with a broad basement conductor.

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