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Bégin-Lamarche

Bégin-Lamarche Property

The Northern Zone

Thirteen drill holes completed in the Northern Zone identified four phosphate-bearing layers. The layers average 60 m true width and are at least 375 m long.  The layers appear to be open in all directions. Two holes intersected the mineralized layers to a depth of at least 200 m. Two of the four layers show grades in excess of 7.0% P2O5 (phosphate).  The four layers show an average grade of 6.2% P2O5.

Assay Results for the Northern Zone

The Southern Zone

Seven drill holes in the Southern Zone identified two layers containing phosphate. Both layers averaged 100 metres true width.  The primary layer is at least 1,500 m long. Drilling showed that the mineralized layers extend to a depth of at least 150 m. The average grade of the layers in the Southern Zone is 4.7% P2O5 (phosphate).

Assay Results for the Southern Zone

Mountain and Northwestern Zones

Grab sampling revealed a high grade phosphate area 500m north of the existing Northern Zone. This new zone, named the Mountain Zone, is about 350m long by 175m wide (See Figure 4). From field observation, the rock type is nelsonitic peridotite which is the most favorable rock type where phosphate is found on the property. A total of 26 grab samples were taken in this area, most of which, returned grades of between 7.17% and 17.83% P2O5 (phosphate).  The average of the 26 samples was 10.6% P2O5. A second new zone, named the Northwestern zone, was also discovered west of the existing Northern Zone from which 4 of 8 samples returned grades of over 10% P2O5.  The assay results are presented in Table 3.

Figure 4 – Location of the New Mountain and Northwestern Zones

Table 3 – Assay Results for the New Mountain Zone

2024 Drill Program at Bégin-Lamarche

The Company will undertake a 25,000 m drill program at Bégin-Lamarche in the coming weeks in order to be in a position to calculate a maiden NI 43-101 resource estimate that should lead to an eventual PEA. The drilling plan consists of drilling the 3 km long phosphate mineralization strike zone at every 100 meter section and at every 50 meters within the section (See Figure 5). The program will start in the coming weeks with 3 drill rigs with one drill rig being mobilized per week. The Company has existing drill permits to start the program immediately and has recently requested additional drill permits to expand the drilling horizons.

Figure 5 – Map of the 2024 Drill Program at Bégin-Lamarche

Research Reports

The scientific and technical disclosure included in the above scientific research article, published in Ore Geology Reviews, has been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Geologist and a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). 

The scientific and technical disclosure included in this research study has been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Geologist and a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”).

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