The Eagle River Underground Mine is located 50 kilometres west of Wawa, Ontario, and has been producing gold for over 25 years. The Company is actively exploring the property including the recently discovered Falcon Zones, with the objective to increase production from 650 tonnes per day to 850 tonnes per day.

Located on prospective Mishibishu Greenstone Belt

High grade shoots remain open down plunge

Aggressive underground and surface exploration programs planned

Potential to find sub-parallel zones to the Facon Zone, similar to parallel zones found within the mine diorite

2021 production of 101,403 ounces, the first time in the mine’s history production exceeded 100,000 ounces

Eagle River Overview
Mining Method Underground longhole
Processing Conventional Merrill-Crowe
Mill Nameplate Capacity 850 tpd capacity (1,200 tpd permitted)
Infrastructure Access roads (HWY and gravel), grid power
2023 Guidance 80,000 – 90,000oz
2P Reserves 400,000oz @16.3 g/t
M&I Resources 186,000oz @ 12.4 g/t
Inferred Resources 281,000 oz @14.9 g/t
Guidance
Gold Production Eagle River 80,000 – 90,000 oz
Head Grade (g/t Au) Eagle River 11.5 – 12.5

Exploration Potential

Two geological maps, displaying parallel drill zones and drill results. Call out text reads; “Wesdome has only begun drilling at surface for Parallel Zones. Left map titled Brownfields exploration. Right map titled Greenfields exploration.