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The Goathorn Project

The 17.8 km2 Goathorn property consists of five contiguous mineral claims located 10 km south of Telkwa, B.C. The southwestern half of the property has been extensively logged in the past 10 years and a gas pipeline, railroad, paved highway and two high-voltage powerlines pass within five km of the property boundaries. Goathorn may host the upper levels of a porphyry prospect which has received no modern exploration and has never been drilled. The northwestern corner of the Goathorn property is underlain by an unaltered and non-magnetic Bulkley Plutonic Suite coarse feldspar-quartz porphyry stock. It is separated by the major north easterly-trending West Fault from a package of non-magnetic Hazelton Group volcaniclastic rocks which have locally been Kspar-altered and extensively converted to a clay-magnetite-epidote skarn. The magnetite skarn has been mapped in road-cuts over 900 x 1,600 m but an airborne magnetic high suggests that it may extend over an area of 900 x 2,600 m (Figure 3). The volcaniclastics and magnetite skarn have been intruded by at least four phases of plagioclase-phyric dykes and plugs. U-Pb age-dating of one of these dykes in 2019 showed it to be 71.76±0.55Ma, within the age range of the Bulkley Plutonic Suite. The isolated magnetic high and the four phases of porphyritic dyking suggest a differentiated intrusive at depth. The poorly understood Kspar alteration, extensive magnetite skarn and two Cu-bearing Minfile occurrences suggest a source of hydrothermal fluids associated with that intrusive. Historic work by prior operators has identified spotty high Zn-Pb-Ag-As soil geochemistry and a chargeability high at the northeastern extremity of the property that suggests a pyrite halo and associated mineralization commonly peripheral to a porphyry system. High Au (ppm):Cu (%) ratios of 0.96 to 3.11 of four samples taken from a chalcopyrite-bearing dyke swarm within the magnetite skarn (Table 1) suggest that the underlying porphyry system could be relatively gold-rich. The large potential size of this inferred porphyry system is given by: (1) the 1.7x 2.6 km magnetic high; (2) the 2.8 kilometres between the centre of the magnetic high and the inner edge of the pyrite halo and (3) the 1.5-3.5 km wide fault block which hosts it.

Table 1: Quartz Monzonite Rock Samples collected at Goathorn Prospect in 2018 -2019

Sample

Type

Au (ppm)

Cu (ppm)

Mo (ppm)

Zn (ppm)

Au/Cu Ratio1

Q932311

Grab

0.209

673

3

83

3.11

Q932316

Subcrop

0.254

954

21

152

2.66

Q932680

Subcrop

0.074

409

3

87

1.81

Q932681

Grab

0.088

917

13

107

0.96

1 Au/Cu ratio is defined as Au (ppm) / Cu (%)

* Sample assays ranged from 0.088 to 0.254 g/t Au and 409 to 954 ppm Cu – see Harvest Gold Press Release dated June 17, 2020 for QA/QC disclosure