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Bégin-Lamarche

Bégin-Lamarche Property

The Northern Zone

Thirteen drill holes completed in the Northern Zone during the 2023 drilling campaign 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.

Expanded drilling in the Northern Zone has confirmed grades and widths that were originally identified during the initial 2023 drilling program.  In addition, the 3 drill holes BL-24-25, BL-24-26 and BL-24-31 have intersected high grade phosphate layers, grading 9.89% P2O5  over 42.80 m from a depth of 74.20 m; 9.44% P2O5  over 89.10 m from a depth of 6.90 m; and 10.47% P2O5  over 48.05 m from a depth of 4.85 m. These results indicate that there are one or more high grade phosphate layers that outcrop on surface and which may be important starting points for an eventual open-pit mining operation.

Drill hole BL-24-23 intersected 7.02% P2O5  over 154.1 m from a depth of 21.0 m and could be interpreted to represent a phosphate layer drilled along dip. If so, this result could be indicative of the average grade for this layer and to be confirmed as the drilling campaign progresses.  Results for the Northern Zone are shown in Table 1 below.

Assay Results for the Northern Zone from the Completed 2023 and Current 2024 Drill Programs

Mountain Zone

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.

A total of 9 drill holes have been recently completed to date in this zone and have intersected high apatite-bearing peridotite visually containing from 30% to 80% apatite over widths of up to 43 m. Hole BL-24-53 intersected 70% apatite over a length of 1.0 m.

Multiple semi-massive apatite veins have been intersected across the 9 drill holes where the background apatite content is 30-35% These results compare well in terms of the apatite content discovered in this zone during last fall’s surface sample prospection program where more than 50% of surface samples returned results of above 10% P2O5. These 9 drill holes have been prioritized for assay analysis and their data should be available in the coming weeks.

70% Apatite Concentration Visible Over 1.0 m in Drill Hole BL-24-53

Prior Assay Results for the Mountain Zone

Northwestern Zone

 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.

Two drill holes recently completed to date in the Northwestern Zone have intersected 30-35% visual apatite. Similarly to the Mountain Zone, visual inspection confirms the apatite content discovered in this zone during last fall’s surface sample prospection program. These 2 drill holes have been prioritized for assay analysis and their data should be available in the coming weeks.

The Southern Zone

Seven drill holes in the Southern Zone during the 2023 drill program 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).

Recent results from the Southern Zone confirm those from the initial 2023 drill program and include further intersects of over 100 m of phosphate mineralization. Drill holes BL-24-24 and BL-24-33 intersected 5.22% P2O5 over 129.60 m from a depth of 61.6 m and 5.00% P2O5 over 106.20 m from a depth of 3.8 m. Preliminary interpretation of the results suggests a tabular and horizontal body of phosphate mineralization with a thickness of over 100 m and grading approximatively 5.0% P2O5.

Drill hole BL-23-16 is located 300 m to the southwest of current drill hole BL-24-35.  Infill drilling is currently underway in the area between these two drills holes to confirm if connectivity exists between these two layers. Currently available drill results for the Southern Zone are presented in Table below.  Drill results from the initial already completed 2023 drill campaign can be found in Table 4 below.

Completed 2023 and Current 2024 Assay Results for the Southern Zone

2024 Drill Program at Bégin-Lamarche

The Company is undertaking a 25,000 m drill program at Bégin-Lamarche 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 includes 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.

To date, initial assay results are for the first 3,394 m of its 25,000 m drill program. In total, 10,000 m of drilling have been completed to date. Assay results are awaited on 6,606 m and will be released over the coming weeks as they become available.

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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