High Grades Confirm Caribou Dome’s Quality

Key Concepts

• Hypergrade Deposit: A classification for mineral deposits with metal content typically exceeding 3%.
• Structural Complexity: The geological folding or faulting that offsets an ore body, requiring detailed mapping to track.
• De-risking: The process of improving geological understanding (geometry and offsets) to increase the predictability and success rate of future drilling.
• Disseminated Mineralization: A style of mineralization where minerals are scattered throughout the host rock rather than concentrated in veins.

Caribou Dome Project Overview

The Caribou Dome project is characterized by its "hypergrade" copper mineralization. The project has consistently yielded high-grade results, with historical and recent drilling frequently producing copper grades in the "high teens." The current average grade stands at 3.1%, confirming the deposit's status as a high-value asset.

Structural Understanding and Drilling Progress

The primary objective of the 2024 and 2025 drilling programs was to resolve the complex structural nature of the ore body.

• Methodology: By utilizing detailed cross-sections, the team has successfully identified a system of faults that offsets the ore body. This allows geologists to track the mineralization from one drill hole to the next.
• Depth Achievements: Drilling has successfully traced the ore body to a vertical depth of over 280 meters from the surface.
• Future Outlook: Plans for 2026 include deep-hole drilling to significantly expand the known vertical extents of the deposit, which is expected to provide a substantial uplift in total resource volume.

De-risking the Ore Body

A critical observation is that the ore body does not simply "grade out" or disappear; rather, it is consistently faulted off. This indicates:

• The project is part of a much larger, high-grade mineralized system.
• The team is neither at the source nor on the flanks of the mineralization, suggesting significant untapped potential.
• Strategic Value: By mapping the geometry and offsets, the company has effectively "de-risked" the project, allowing for more precise targeting of extensions in future campaigns.

Discovery of New Mineralization Styles

Beyond the primary hypergrade copper, the team has identified a secondary, previously overlooked style of mineralization:

• Characteristics: A gold-bearing, lower-grade, and more finely disseminated copper host.
• Identification Process: This discovery was facilitated by moving core samples to a dedicated processing facility in Wasilla. This controlled environment allowed for superior lighting and analytical tools, enabling geologists to identify features that were missed during previous field-based campaigns.
• Broader Application: The knowledge gained from analyzing these core samples at Caribou Dome is being applied to the "Greater Alaska Range Project," assisting in regional exploration and targeting efforts.

Synthesis and Conclusion

The Caribou Dome project is transitioning from a discovery phase to a more sophisticated structural understanding. By confirming that the high-grade copper is part of a larger, faulted system rather than a localized pocket, the company has increased its confidence in the project's scale. The combination of deep-drilling targets for 2026 and the identification of new, disseminated gold-copper mineralization suggests that the project’s resource potential is significantly larger than initially anticipated. The shift toward detailed, facility-based core analysis serves as a framework for future exploration success across the broader Alaska Range.