Drilling Commences at Grenadier Targeting High-Grade Gold

Highlights

• Maiden diamond drilling program underway at the compelling Grenadier Prospect, targeting high-grade gold reported recently in surface trench sampling

• First hole is in progress testing the down-dip extension of Trench 9, where six samples of an initial bulk sample test returned an average grade of 10.5g/t Au with 95% gold recovery using conventional cyanide leach

• New trenching program underway at Grenadier to test the south-eastern portion of the 1km x 1km gold-in-soil anomaly

• Phase 4 diamond drilling at Trafalgar Prospect completed, assays pending