Catch, YT

Highlights

117 km² property located 56 km southeast of Carmacks in an underexplored part of central Yukon;
All-season highway and high-voltage powerline 10 km from the property;
Inaugural 2023 diamond drilling returned 116.60 m of 0.31% copper with 0.30 g/t gold from a new greenfield copper-gold porphyry discovery;
Extensive copper and gold soil anomalism, including a 5,000 x 500 m copper and gold soil anomaly;
Rock samples have peak values of 3.88% copper, 30.0 g/t gold, 228 ppm molybdenum, and 89 g/t silver; and
2024 follow-up drill program is underway.

The 117 km² Catch Property is located 56 km southeast of Carmacks within the traditional territory of the Little Salmon Carmacks First Nation. The property is 10 km from an all-season highway and powerline and is accessible by float plane and helicopter. The first two diamond drill holes ever completed on the property returned a highlight of 116.60 m of 0.31% copper with 0.30 g/t gold at the Spark Zone, confirming a significant new copper-gold porphyry discovery.

The Catch Property exhibits extensive copper and gold soil geochemistry anomalism, including a 5,000 x 500 m zone of anomalous copper and gold. Two zones of copper and gold mineralization have been identified at surface, the Spark Zone and Volt Zone. The Volt Zone has an average rock grade of 0.32% copper with 0.70 g/ t gold in 258 rocks collected at surface over a 500 x 500 m area and an underlying 1,000 x 600 x 400 m coincident chargeability and resistivity high. The Spark Zone has an average rock grade of 0.41% copper with 1.07 g/t gold in 130 rocks collected at surface over a 500 x 500 m area and has an underlying 1,000 x 500 x 300 m chargeability high.

Catch Diamond Drilling Results

2024.05.16 Figure 1 Catch Ip Chargeability

The inaugural diamond drill program at the Catch Property was completed in fall 2023. A total of five holes were drilled, totaling 2,462 m. The first two holes were completed at the Spark Zone. Hole CA-23-001 ended at 511.83 m depth and Hole CA-23-002 ended at 554.00 m depth, with sulphide mineralization (pyrite-pyrrhotite-chalcopyrite) observed to the end of both holes. Both holes were targeting a broad Induced Polarization (“IP”) chargeability anomaly at depth, underlying coincident high-grade surface mineralization, within a pronounced magnetic anomaly. An additional three holes were drilled at the Volt Zone, located 2 km north. Volt Zone drilling was complicated by the presence of a small landslide, which has shifted surface mineralization away from source. While anomalous copper and gold were encountered in these drill holes, no significant results were returned.

Hole CA-23-002 intersected 116.60 m of 0.31% copper and 0.30 g/t gold from 356.00 m downhole, within a broader interval of 435.00 m of 0.16% copper and 0.09 g/t gold. Hole CA-23-001 intersected 45.83 m of 0.30% copper and 0.15 g/t gold from surface, within a broader interval of 333.87 m of 0.13% copper. These holes were drilled 160 m apart, in the middle of coincident 1,200 x 600 m chargeability and 800 x 600 m magnetic anomalies that are just beginning to be tested. A section of potassic alteration within hole CA-23-002 returned 2.58 m of 0.95% copper with 0.96 g/t gold, confirming the higher-grade potential of the potassic core of the system.

Table 1: 2023 Catch Assays Result Summary

Drill Hole	From (m)	To (m)	Interval (m)^*	Copper (%)	Gold (g/t)
CA -23-001	14.00	347.87	333.87	0.13	0.04
incl.	14.00	59.83	45.83	0.30	0.15
CA -23-002	80.00	515.00	435.00	0.16	0.09
incl.	356.00	472.60	116.60	0.31	0.30
and incl.	357.93	362.00	4.07	0.51	6.03
and incl.	437.52	440.00	2.58	0.95	0.96

* The reported intervals are drilled thicknesses and true widths are unknown.

Drilling only encountered small zones of higher-grade potassic alteration, suggesting there is potential to discover broader zones of higher-grade mineralization in the untested core of the porphyry system. The 2024 follow-up drill program commenced May 16 to vector towards the core of the system.

Table 2: 2023 Catch Drill Hole Collars^**

Zone	Drill Hole	Easting (m)	Northing (m)	Elevation (m)	Azimuth (°)	Dip (°)	Depth (m)
Spark	CA-23-001	482,726	6,859,800	735	130	-60	511.83
Spark	CA-23-002	482,702	6,859,958	772	130	-65	554.00
Volt	CA-23-003	482,848	6,861,850	1,034	040	-60	440.00
Volt	CA-23-004	482,845	6,861,848	1,030	200	-75	478.00
Volt	CA-23-005	482,518	6,861,580	900	040	-60	478.00

** Easting and Northing are UTM co-ordinates in the NAD 83 datum, zone 8N. Azimuth is with respect to true north.

Catch Geology and Mineralization

The Catch Property lies within the Stikine Terrane and is immediately adjacent to the 1,000+ km long, deep seated, crustal scale strike-slip Teslin-Thibert fault. The Stikine Terrane is characterized by Late Triassic to early Jurassic volcanic-plutonic arc complexes that are well-endowed with copper-gold-molybdenum porphyries including the Red Chris, Schaft Creek, Kemess, KSM and Galore Creek deposits and mines.

The Catch Property is mostly underlain by augite phyric basalt of the Semenof Formation, centered on a 7 x 3 km regional magnetic high. Mineralization is associated with propylitic to sericitic alteration of basalt and lesser diorite, intrusion breccias and hydrothermal breccias. Locally there is intense silicification, brecciation and up to 10% disseminated to blebby pyrite, chalcopyrite and trace bornite and pyrrhotite. Secondary copper minerals including malachite, azurite and tenorite are widespread at surface, and coat fracture surfaces, and are often associated with gypsum.

The geology, alteration and mineralization observed throughout the Catch Property are all indicative of a nearby copper-gold±molybdenum bearing porphyry system.