Schaft Creek 2021 Program:

2021 Program Highlights:

• Review construction timeline and offsite infrastructure costs to reduce initial capital cost and improve project valuation. - Fail
• Confirm throughput assumptions, metal recoveries and production and ensure a 'fit for purpose' process design flowsheet and associated equipment selection. - Fail
• Confirm opportunity to decrease the life of mine ("LOM") strip ratio to reduce operational costs and associated greenhouse gas emissions. - Fail
• Review environmental baseline data requirements in accordance with the updated project configuration. 
• Update regulatory requirements and associated permitting timeline. - Fail
• Continue to bring forward value recognition opportunities. - Fail
• Budget of C$3.4 million.

Program Summary:
Complete up to a 4,000-metre drill program and associated metallurgical and geotechnical testwork to provide information to confirm select value opportunities. The 2021 program will confirm throughput assumptions, improved metal recoveries, metal production, and ensure a capital efficient 'fit for purpose' process design flowsheet. The collection of additional geotechnical information in the proposed pit area may provide opportunities to decrease the LOM strip ratio and reduce operational cost and associated greenhouse gas emissions. - Fail

Geometallurgical Drilling:
The geometallurgical drilling is directed at collecting samples representative of the geometallurgical domains in the mine plan to conduct comminution, open and closed-circuit flotation, mineralogical analysis, and tailings thickening/filtration testing. The laboratory component of the program will take place in early 2022. - Fail

Geotechnical Drilling:
The geotechnical drilling within the pit area will provide data to confirm pit slope angles, decrease the LOM strip ratio, and reduce operational cost and associated greenhouse gas emissions. - Fail

IMO.

MoneyK