SIKANNI PROPERTY

LOCATION AND PROPERTY DESCRIPTION

The Sikanni Copper Project is located in north-central British Columbia, Canada, approximately 170 km north-northeast of the town of Smithers. The Property consists of 4 mineral claims covering some 880 ha. Access to the Properry is limited to helicopter.

GEOLOGICAL AND MINERALIZATION

The property is situated on the eastern edge of the Stikinia Terrane, part of the Intermontane Belt of the Canadian Cordillera. The property is mainly underlain by rocks of the Hazelton Group Telkwa Formation (calc-alkaline volcanic rocks) and straddles the contact with the underlying coarse clastic sedimentary rocks of the Takla Group Dewar Formation.

The Mar prospect represents the main exploration target at present. Historical work on the Mar prospect has included mapping, rock chip and soil sampling and diamond drilling during the 1970’s. Surface rock sampling reported high-grade copper (>1% Cu) mineralization at two showings, the Northwest and Southeast showings, with many other reported copper occurrences elsewhere.

EXPLORATION RESULTS

Property visits by Golden Tiger between 2020 and 2023 has relocated and sampled many of the copper showings.

Mar Prospect

The Mar prospect consists of several showings. Historical trenches near the small tarn returned grades of 0.942% Cu and 0.698% Cu from chalcopyrite mineralized volcanics. To the south, the SE Showing, located along the edge of a ridge was relocated in 2021. Multiple stratabound copper mineralized zones were located. Grades included 4.87% Cu and 64.8 ppm Ag over 0.50 metres and a grab sample of 5.92% Cu and 53.1 ppm Ag. The assumed on-strike extension of the SE Showing mineralization is the NW Showing. Mineralized float and outcrop in the NW Showing area has returned to 0.99% Cu and 0.78% Cu. The Liz showing is interpreted as the continued norther strike extent of the sample mineralized horizons into the next valley. Here mineralized float returned 2.12% Cu and 34.7 ppm Ag and an outcrop chip sample returned 0.79% Cu and 9.4 ppm Ag over 0.40 metres.

Selected anomalous results:

EXPLORATION RESULTS

Photo 1: Liz Showing area and examples of copper mineralization

(a) talus slopes below ridgeline that separates the Mar prospect from the Liz Showing; (b) malachite staining on epidote altered volcanic boulder; (c) malachite staining on outcrop fractured volcaniclastic (grab sample 74841; 0.942% Cu and 1.5 ppm Ag); (d) chlorite-epidote alteration along base of cliffs (chip sample 74842; 0.793% Cu and 9.4 ppm Au over 0.40 metres). Weak malachite staining is present, associated with veining, although not readily visible in this photo;

The Property also includes the Lake and Mona Jean showings. The former was relocated in 2023 with a strongly mineralized unit located and sampled, returning 1.885% Cu and 29.4 ppm Ag. In close proximity was a malachite-azurite stained, epidote altered feldspar porphyry dyke.

Photo 2: Lake showing mineralization

(a) strong epidote-altered feldspar porphyry with malachite and azurite staining (sample 47845; 0.105% Cu); (b) close-up of the less altered crowded feldspar porphyry; (c) Lake Showing mineralized outcrop, fine-grained maroon to grey siltstone or volcanic sediment (sample 74846; 1.85% Cu and 29.4 ppm Ag); (d) close-up of the Lake Showing mineralization with prominent malachite and azurite staining is prominent. Very fine-grained sulphides, likely chalcocite, is disseminated within the host sediment.

EXPLORATION POTENTIAL

The Property demonstrates the presence of significant copper occurrences with geology, structure and mineralogy similar to that of Selkirk Mineral’s Sustut copper deposit located along strike to the northwest. Copper mineralization, occurring as chalcocite, bornite, native copper, chalcopyrite, and malachite are recorded in the historical assessment reports. Selective rock sampling, both grab and chip samples from surface and shallow trenches, have identified significant copper grades (> 1% Cu), along with associated silver values.

More recent work by Northwest Copper Corp. has identified porphyry style mineralization (East NIV) in the Stikinia rocks west of the Sustut deposit. Both the Lake showing and Mona Jean showing have occurrences of feldspar-porphyry dykes which may be mineralized suggesting a possible deeply buried porphyry system that has been responsible for the mineralization seen at surface.