Brookbank
The Company retains a 21-26% Joint Venture interest in over 600 gold mining claims in the prolific Beardmore-Geraldton gold belt held by operator Equinox Gold (Greenstone Gold Mines).
SUMMARY OF BROOKBANK JV AGREEMENT
Metalore initially discovered the Brookbank main gold zone (within an 18 leased claim block) in the mid-1980s and subsequently acquired the majority of the present-day claim position. Currently, the Company retains a 1% NSR on the main gold-bearing property of 18 leased claims.
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Below are three resource estimates (2009, 2012 and 2025) for the Brookbank properties:
In 2009, Scott Wilson Roscoe Postle Associates Inc. estimated the Brookbank Properties to have a NI 43-101 compliant resource containing 376,200 ounces of Indicated and 236,300 ounces of Inferred resources as seen in the table below:
In their Dec 14, 2012, technical report, Micon International Limited gave the following In-pit and Underground classification tables for the Brookbank Resource
Most recently, the main Brookbank gold resource estimate was updated by SLR Consulting (Canada) Ltd. for Equinox Gold Corp. (Effective Date: December 31, 2025) to contain 713,000 ounces of Indicated and 113,000 ounces of Inferred resources as seen in Table 14-44 of the following report (SLR NI 43-101 Technical Report, Greenstone Property, Ontario, Canada)