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Lynx Lake Drill Results

Nicholas Rodway, P. Geo, director of the Company, supervised the preparation of the technical information and is a qualified person as defined by National Instrument 43-101. As a director, Mr. Rodway is not independent from the Company.

Assay Results

  • The assay results obtained are above background levels for nickel and cobalt and extend to over 100 meters at depth with a lateral extent of at least 156 meters. This indicates that there could be potential for a more localized zone of economic mineralization in the area.
  • These drill results represent only a small fraction of the King’s Bay land package, which is approximately 242 km².
  • Fire assays for Au, Pt, Pd are pending and expected to be received in late January 2018.

Hole #

Interval Width (From-To)

Ni %

Co %

Ni + Co (%)

LL-17-01

over 115.2m (47.6 – 162.8)

0.058

0.013

0.071

LL-17-02

over 110.8m (57.1-167.9)

0.057

0.014

0.071

***Drill holes represent approximate true widths, true widths cannot be determined at this time.

***Standard deviation for Ni=105.0 ppm and Co =23.5 ppm.