Tim Clark

Sakami keeps coming up in conversation with my chairman. It we know there's more ounces and as Brian mentioned to me earlier, we only put six holes in there last summer and added 300,000 oz.

came out with you know 41 12 mters at 1.23 23 g per ton gold today. Uh which is a you know top 30 intercept on the project overall. It's you know eighth widest intercept on the on the project.

we wind up with a lot of opportunity um in this where we we wind up you know intercepting two broad zones of mineralization in our first hole and we sample top to bottom. We wind up with five you know really good zones uh in total

we've got an undrilled uh outcropping gold occurrence uh on the Raven South shear zone with up to 33 g per ton from grab samples. We've only collected about a dozen samples and the lowest one's 7 g per ton gold.

we've got over 5 million ounces surrounding that project

There's some really good intercepts up there. Um, shallow, you know, sort of open pitable grades. Um, very nice sort of looking. No, no resource on it yet.

a nice shear zone contact between some mafic volcanics and uh and some ultra mafics and exactly the same sort of scenario that you know eggniko is looking at of at their whale tail deposits

As you remember in the PEA we had 80,000 oz a year.

nice having another sort of 800,000 oz resource with a half million oz exploration target

we got, you know, we got 875,000 ounces reporting to the the PA mine plan about 835 ounces recovered

We just put out the new resource, maiden resource, that's a Cammy. That's over 800,000 ounces out of nowhere.

It's high grade. It's near the roads.

it's the only rarest project in North America with a full feasibility study that hasn't been built.

we've got the largest resource highest this grade near their mill

the last time we did a a PEA was quite some time ago and I think we used $1,200 gold

using the current long-term gold price which uh I know a Bank of Montreal said it was about 3,500 bucks a month ago. I just saw HC Wainwright came out out with it as 3750

The profitability of going from standalone to full toll milling is is going from like 40% irr to over 80% irr.

I just saw HC Wainwright came out out with it as 3750 and if we make those adjustments and we add a lot of ounces, we're going to be well over 100,000 oz a year

we're we're covered for 2026 completely.

We raised almost 20 million bucks to be drilling this year

we did that for less than $9 an ounce

we've went directly into a phase two program that's also fully financed

Igno Eagle is f funding this exploration project.

they came in at 64 cents Canadian. That's a 23% premium to your previous day's uh closing share price.

So, um we've got I believe around 15 or 16 million bucks right now.

So, we've got uh about 11 million uh um 11 million shares of Dolly Ban or about 33 million US. So, it would translate over 40 plus Canadian and then we've got about 7.8 million in cash.

our our spend is probably around 13 million more. I think we've spent some already, but uh I'd have to go back and check with Phil, but we're going to you know, we're going to end up the year with a couple million bucks in the bank

We just finished 13,000 m and then we're we've went directly into a phase two program that's also fully financed and and we're looking to bring in a third drill which will get us about another 20 to 25,000 m throughout the year.

we're planning a pretty aggressive summer drill program focused on Three Bluffs and and that. So, you know, focus on that Three Bluffs shear zone where we've had some luck, had some misses and that, but we're we're going to have a pretty exciting summer up here with, you know, about 3,000 to 5,000 m sort of drilling at at Three Bluffs

we did the economic PA study in September

We'll have 7,000 mters by Christmas. We'll do another 3,000 mters in January.

We've got 10,000 meters we're trying to put in the ground right now.

we're about halfway through the drill program. Uh we're out at Raven right now. We put we got a couple holes completed at Three Bluffs.

Oakclair is getting to the point where it could move into development and we're deciding how much more drilling we want to do if any.

the drills will be turning probably the the first full week of of July.

We're going to mobilize uh in early July.

we want to get to a PFS or FS at some point in the next 12 to 18 months

So we should know by the end of January

we've got a lot of drill results coming up in the next I don't know 60 days that could be that could be teeing us up

expect those first results to come out, you know, sort of the midepptember. Uh and uh and then we're we'll be flush through, you know, onwards.

we're moving Eau Claire forward in Quebec, getting that down the the path and focus on Committee Bay

I think I think this is something that I've noticed sort of as a holistic story for all of James Bay.

I think you acquired Quebec precious metals for 4 million Canadian

Brian Sakami is in um the James Bay region in northern Quebec.

You're at the committee bay project in Nunvet right now.

it was about I think it was 18 mayors and the First Nations group. Uh, quite a bit of people.

We brought on Phil Baker on the board who is the ex-CEO of Hecla. Phil, he scaled uh Hecla from 100 million market cap up to multi-billions.

So there's a a resource expansion sort of uh portion of the program. And then there's just an overall sort of improvement and continuity and and gap filling

we're under 700. And a lot of people can't believe it, but because of the historical spend up there, we have our own drills.

had three bluffs hitting 10 m of 14 g uh and and a few other hits in the in the shear zone.

And when uh this Indonesian group called Dilmar came in and bought it this spring

When we first approached Igno Eagle, they uh didn't have a very good view of of Committee Bay historically. And when we sat down, Brian presented not only to their team, but their senior geologists. They said, Wow, this is definitely worth the investment.

if they can push more production into their mill, uh, they're better off and so are we