Majority of resource development/evaluation work completed in much lower gold price environment
It would cost +$60 million CAD to replicate the extensive technical database & infrastructure at the Ulu site
Blue Star Drilling
• 2019 – 1540 metres (11 surface holes HRP)
• 2020 – 7624 metres (38 surface holes, Ulu & HRP’s)
• 2021 – 5,030 metres (26 drill holes at the Flood Zone, the NFN target, the Central Zone, and the Gnu area)
• 2022 – 3,700 metres (25 drill holes at the Gnu (Nutaaq) zone, Central-C, Axis, sediment core and select targets in the Flood Zone)
Existing Ulu Project Development
1.7kms of U/G development (ramp , raises)
Airstrip, road network, camp, shop