Exploration Briefs - June 2017

OZ Minerals has entered into an exploration earn-in agreement targeting three newly identified base-metal prospects in Oaxaca state, southern Mexico. OZ is partnering with Acapulco Gold Corp., a private exploration company based in Canada that has significant experience and a discovery track record in Mexico. OZ will make a first-year in-ground expenditure of $450,000 on detailed geological mapping, geochemistry, and geophysics. Drilling is expected to begin in the second half of 2017.

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Roxgold Inc. has reported a large number of high-grade intercepts from drilling at the Bagassi South deposit less than 2 km south of its flagship Zone 55 underground gold mine on its Yaramoko property in southwest Burkina Faso. Highlights from Bagassi South include 78.9 g/mt over 2.3 m in one diamond drill hole and 220 g/mt over 1.1 m in another. The drilling program totaled 29,160 m in 134 holes.

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Mawson Resources has discovered a new zone of gold mineralization at the Raja prospect on its Rajapalot project in northern Finland. Intercepts include 27 m at 3.3 g/mt gold from 64 m, including 8.8 m at 7.5 g/mt gold from 82.2 m. The prospect has an established strike length of at least 200 m and remains open.

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Exploration Briefs - May 2017

Golden Star Resources’ 2017 exploration strategy in southwest Ghana is focusing on increasing the lives of its Prestea and Wassa mining operations. Phase one of the program includes 48,000 m of drilling, with the option of expanding the program if the results are positive.

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Gold Road Resources has budgeted $A30 million for 2017 exploration on the North Yamarna, Gruyere, and South Yamarna projects located about 200 km east of Laverton, Western Australia. North Yamarna is owned 100% by Gold Road; Gruyere is a 50:50 joint venture between Gold Road and Gold Fields Ltd; and South Yamarna is a 50:50 joint venture between Gold Road and Sumitomo.

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Richmont Mines reports that recent exploration drilling has identified new high-grade mineralization approximately 800 m east of the main deposit at its Island Gold mine 83 km northeast of Wawa, Ontario. The 2017 drilling program continues to build on positive results achieved in 2016 and is focused on three key priorities: to expand near-mine resources outside the Expansion Case PEA area, both laterally and at depth; to further expand the reserve base, primarily within the Expansion Case PEA area; and continuing to test high-priority regional gold targets across the prospective Island Gold property.

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Exploration Briefs- April 2017

Osisko Mining has entered into a binding letter of intent with Deloitte Restructuring, acting as trustee in bankruptcy for Maudore Minerals, to acquire ownership of a land package of 1,205 claims in the Lebel-sur-Quévillon area of Québec. The acquisition adds to 2,942 claims recently acquired by Osisko in the same area by staking. The combined land area of the two acquisitions totals 2,160 km2 and has been named the “Quévillon project” by Osisko.

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Kirkland Lake Gold reported that underground exploration drilling has discovered a new gold deposit, the Lantern deposit, at its Cosmo mine in Australia’s Northern Territory. The deposit is located within 100 m of underground infrastructure and remains open for expansion along strike and down plunge.

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Endeavour Silver reported that exploration drilling continues to expand recently discovered, high-grade silver-gold mineralized zones to greater depths in the Terronera vein and at shallow depths in the La Luz vein at its Terronera property in Jalisco state, Mexico.

Recent drilling in the Terronera vein has expanded the main high-grade mineralized zone down to 400 meters (m), with the zone remaining open at depth and to the southeast. Drilling has also intercepted mineralized footwall and hangingwall splays that in some places merge to form one very thick mineralized zone.

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Exploration Beliefs - March 2017

Gold Standard Ventures has outlined plans for a $15.5 million 2017 exploration program on its Railroad-Pinion project on the Carlin Trend in Nevada, including up to 48,800 m of reverse-circulation and core drilling in a total of 117 holes. The budget also includes an extensive predevelopment component, with new resource estimates, further metallurgical work and economic studies to de-risk key assets.

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Columbus Gold has initiated an exploration drilling program to assess the expansion potential of its 100% owned Montagne d’Or gold deposit in French Guiana. The program consists of 36 core holes for a total 5,520 m and is designed as a first-pass investigation of exploration targets on strike of and in close proximity to currently defined mineral resources.

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 Mirasol Resources and OceanaGold have signed a Letter of Intent (LoI) as a first step toward formation of a joint venture to explore and develop Mirasol’s La Curva gold project in Santa Cruz province, Argentina. Mirasol has undertaken an extensive exploration and geophysical program at the property over a number of years and outlined three priority prospects.

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