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Dixie Halo - TNT Update

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Supplementary Information On Drill Holes BTU-21-25


March 18, 2020

Volcanogenic Massive Sulphide (“VMS”) style alteration and mineralization have been observed in all drill holes over 800 meters of strike at TNT from line 12+00N (drill holes 13, 19, 20 & 25) down to line 40N (drill holes 21 & 22). This first phase of drilling at TNT has been strategically planned with large step outs which were designed to test geophysical targets, provide geological information and to serve as a platform for downhole geophysical techniques which are now ongoing.

Drill holes BTU-19-21 to 24 were drilled between 400 and 800 metres to the south of discovery hole BTU-19-13. Although these relatively shallow holes did not encounter high grade mineralization, each of these drill holes did encounter some amount of significantly anomalous VMS style mineralization (assay tables presented on this page show results of at least 0.15% CuEq*, approximately 20 times the average crustal abundance of copper). These holes also intersected mineralogy and alteration consistent with VMS style mineralization. The key point here is that the TNT is a large system with a lot of potential for hosting significant discoveries of VMS mineralization.

Drill Hole

Azimuth (°)

Dip (°)

UTM E (m)

UTM N (m)

EOH (m)

BTU-19-21

277.7

-45.7

463326

5627740

332

BTU-19-22

272.2

-43.0

463477

5627740

282

BTU-19-23

280.6

-49.6

463335

5627931

246

BTU-19-24

283.5

-45.2

463184

5628118

228

BTU-19-25

271.0

-45.2

463469

5628490

416

BTU-19-21and BTU-20-22 were drilled well to the south of discovery hole BTU-19-13, a distance of 800 metres to the south. Drill hole BTU-20-23 was drilled at a location 600 metres to the south of the drill hole BTU-19-13 discovery and hole 24 was drilled 400 metres to the south of the drill hole BTU-19-13 discovery. As shown in the accompanying tables, these holes intersected strongly anomalous copper with the mineralization related to strongly altered host rocks intersected in each of the holes.

Drill Hole

From

To

Thickness

Au

Ag

Cu

CuEq*

 

(m)

(m)

(m)

(g/t)

(g/t)

(%)

(%)

BTU-19-21

18.10

19.10

1.00

0.11

2.4

0.11

0.21

 

56.20

57.35

1.15

0.03

1.4

0.11

0.15

 

77.65

78.65

1.00

0.05

1.7

0.11

0.16

 

87.95

88.85

0.90

0.02

1.2

0.14

0.16

 

99.00

100.00

1.00

0.04

0.8

0.12

0.16

 

103.00

112.00

9.00

0.06

1.4

0.10

0.15

 

132.00

161.75

29.75

0.05

1.4

0.12

0.17

including

150.70

153.85

3.15

0.13

2.9

0.20

0.32

 

178.00

179.00

1.00

0.05

1.7

0.10

0.15

 

181.20

199.65

18.45

0.05

1.8

0.09

0.15

including

199.00

199.65

0.65

0.19

5.3

0.31

0.50

 

196.65

199.65

3.00

0.10

3.2

0.18

0.28

 

217.35

218.20

0.85

0.06

11.3

0.08

0.22

 

227.05

229.65

2.60

0.05

1.9

0.15

0.20

 

240.25

242.10

1.85

0.14

1.0

0.04

0.15

 

249.80

250.70

0.90

0.09

3.0

0.11

0.20

 

272.25

273.20

0.95

0.04

4.9

0.08

0.16

Sum of intervals mineralized ≥ 0.15% CuEq* : 73.4 metres

   

Figure 1:Example of mineralization seen in BTU-19-21

Drill Hole

From

To

Thickness

Au

Ag

Cu

CuEq*

 

(m)

(m)

(m)

(g/t)

(g/t)

(%)

(%)

BTU-19-22

135.00

147.50

12.50

0.05

1.5

0.11

0.16

including

139.50

140.15

0.65

0.25

2.7

0.33

0.54

 

165.80

166.90

1.10

0.05

1.0

0.11

0.15

 

183.85

185.00

1.15

0.03

1.6

0.12

0.16

 

253.00

254.60

1.60

0.02

1.2

0.14

0.17

 

274.00

275.00

1.00

0.03

1.8

0.12

0.16

Sum of intervals mineralized ≥ 0.15% CuEq* : 17.35 metres

   

Figure 2: Example of mineralization in BTU-19-22

Drill Hole

From

To

Thickness

Au

Ag

Cu

CuEq*

 

(m)

(m)

(m)

(g/t)

(g/t)

(%)

(%)

BTU-19-23

27.90

29.60

1.70

0.04

1.6

0.10

0.15

 

31.50

32.50

1.00

0.16

1.2

0.11

0.23

 

50.00

53.00

3.00

0.04

1.5

0.11

0.16

 

55.90

59.70

3.80

0.04

1.2

0.11

0.15

 

73.00

74.00

1.00

0.05

1.6

0.15

0.21

 

75.00

75.70

0.70

0.04

1.4

0.14

0.19

 

87.00

88.00

1.00

0.04

1.3

0.13

0.17

 

91.00

92.15

1.15

0.03

1.4

0.15

0.18

 

98.35

106.20

7.85

0.03

2.1

0.15

0.19

 

110.50

111.35

0.85

0.03

2.0

0.14

0.18

 

115.00

116.00

1.00

0.02

2.1

0.13

0.17

 

119.00

121.45

2.45

0.04

3.7

0.12

0.18

 

136.75

137.50

0.75

0.28

7.0

0.61

0.87

 

144.60

149.50

4.90

0.09

1.9

0.07

0.15

 

164.35

166.00

1.65

0.13

1.8

0.07

0.19

 

176.00

177.00

1.00

0.04

2.0

0.11

0.15

Sum of intervals mineralized ≥ 0.15% CuEq* : 33.8 metres

   

Figure 3: Example of mineralization from BTU-19-23

Drill Hole

From

To

Thickness

Au

Ag

Cu

CuEq*

 

(m)

(m)

(m)

(g/t)

(g/t)

(%)

(%)

BTU-19-24

34.00

35.00

1.00

0.03

1.6

0.14

0.17

 

54.90

56.00

1.10

0.12

1.7

0.08

0.19

 

107.20

108.25

1.05

0.06

2.5

0.13

0.20

Sum of intervals mineralized ≥ 0.15% CuEq* : 3.15 metres

   

Figure 4: Example of mineralization in BTU-19-24

Drill Hole

From

To

Thickness

Au

Ag

Cu

CuEq*

 

(m)

(m)

(m)

(g/t)

(g/t)

(%)

(%)

BTU-19-25

73.00

75.00

2.00

0.16

< 2

0.08

0.19

 

82.00

83.00

1.00

0.24

< 2

0.14

0.32

 

118.00

119.00

1.00

0.14

< 2

0.08

0.19

 

157.00

158.00

1.00

0.03

4.0

0.10

0.16

 

182.00

355.00

173.00

0.05

5.7

0.26

0.35

including

182.00

329.00

147.00

0.06

6.6

0.29

0.40

 including

182.00

267.00

85.00

0.05

9.4

0.40

0.52

 including

239.75

267.00

27.25

0.09

18.0

0.88

1.11

 including

244.80

252.60

7.80

0.16

37.3

1.82

2.27

and including

245.70

246.55

0.85

0.50

116.0

5.86

7.29

and including

256.00

259.35

3.35

0.17

28.3

1.35

1.74

and including

303.00

307.00

4.00

0.48

7.0

0.24

0.66

 including

304.00

305.00

1.00

0.92

7.0

0.25

0.98

and including

327.00

329.00

2.00

0.19

45.0

2.20

2.75

Sum of intervals mineralized ≥ 0.15% CuEq* : 178 metres

Figure 5:Example of mineralization in BTU-19-25

* Metal equivalency based on US$2.70/lb Cu, US$1350/oz Au, and US$17/oz Ag, noting that no adjustments were made in the metal equivalency calculation for metal recovery, as this is still an early stage project.

The technical contents of this page were approved by Mr. Bruce Durham, P. Geo., a qualified person as defined by National Instrument 43-101.

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