Khaleesi Core Photos

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MAGNETITE SKARN: Cu + Fe ± Mo ± Au ± Ag
KHZ5800-01 @ 403.80m: Chalcopyrite in massive magnetite exoskarn

  • Sample P016291 from 401.7m to 404.1m =
    0.44% Cu, o.024 g/t Au, 1.35 g/t Ag, 31ppm Mo and 18.6% Fe

  • Within 269.00m (from 346.00m to 615.00m) of 0.38% CuEq* (0.30% Cu, 0.037 g/t Au, 1.50 g/t Ag and 65ppm Mo)

 

Core Gallery

MAGNETITE SKARN: Cu + Fe ± Mo ± Au ± Ag
KHZ5790-001 @ 77.50m : Chalcopyrite in massive magnetite exoskarn near surface

  • Sample P018664 from 77.1m to 78.5m =
    4.91% Cu, 0.419 g/t Au, 17.35 g/t Ag, 164 ppm Mo and 14.3% Fe

  • Within 43.80m (from 40.10m to 83.90m) of 0.59% CuEq* (0.47% Cu, 0.087 g/t Au, 2.17 g/t Ag and 48 ppm Mo)

 

Core Gallery

MANTO OF MAGNETITE-HEMATITE SKARN: Cu + Fe ± Mo ± Au ± Ag
KHZ5140-001 @ 331.3m : Chalcopyrite and pyrite in massive magnetite hematite manto

  • Sample K376693 from 330.00m to 332.10m =
    4.21% Cu, 0.111 g/t Au, 6.64 g/t Ag, 2 ppm Mo and 47% Fe

  • Within 4.20m (from 327.90m to 332.10m) of 3.16% CuEq* (2.97% Cu, 0.154 g/t Au, 4.92 g/t Ag and 2 ppm Mo)

 

Core Gallery

VEINED GARNET SKARN: Cu ± Au ± Ag ± Mo
KHZ5800-002 @ 378.10m : Quartz-bornite-chalcocite-gold veinlets in garnet skarn

  • Sample P016843 from 376.70m to 378.70m =
    1.31% Cu, 2.86 g/t Au, 8.03 g/t Ag and 10 ppm Mo

  • Within 51.10m (from 339.60m to 390.70m) of 0.84% CuEq* (0.54% Cu, 0.31 g/t Au, 6 ppm Mo and 3.21 g/t Ag)

 

Core Gallery

SULFIDE + GARNET SKARN: Cu ± Au ± Ag ± Mo
KHZ5800-001@ 16.90m : Semi-massive chalcopyrite in garnet skarn

  • Sample P016091 from 16.65m to 17.70m =
    6.28% Cu, 0.535 g/t Au, 37.7 g/t Ag and 101 ppm Mo

  • Within 4.00m (from 15.70m to 19.70m) of 2.33% CuEq* (2.03% Cu, 0.171 g/t Au, 12.14 g/t Ag and 28 ppm Mo)

 

Core Gallery

VEINED GABBROIC-DIORITE: Cu ± Mo ± Au ± Ag
KHZ5800-001 @ 253.20m : Chalcopyrite sheeted veinlets in gabbroic-diorite

  • Sample P016205 from 252.20m to 254.20m =
    0.37% Cu, 0.028 g/t Au, 1.53 g/t Ag and 12 ppm Mo

  • Within 20.00m (from 252.20 to 272.20m) of 0.37% CuEq* (0.32% Cu, 0.037 g/t Au, 1.08 g/t Ag and 28 ppm Mo)

 

Core Gallery

VEINED GABBROIC-DIORITE: Cu ± Mo ± Au ± Ag
KHZ5790-002 @ 440.3m : sheeted quartz + bornite veinlets in gabbroic-diorite

  • Sample K375253 from 440.30m to 442.20m =
    0.64% Cu, 0.066 g/t Au, 1.64 g/t Ag and 13 ppm Mo

  • Within 22.90m (from 432.20m to 455.10m) of 0.35% CuEq* (0.33% Cu, 0.034 g/t Au, 0.89 g/t Ag and 12 ppm Mo)

 

Core Gallery

SECONDARY COPPER IN GABBROIC-DIORITE: Cu ± Mo ± Au ± Ag
KHZ5825-001 @ 36.8m : malachite and chrysocolla in oxide zone near surface

  • Sample P017466 from 36.6m to 38.6m =
    0.67% Cu, 0.147 g/t Au, 1.80 g/t Ag and 204 ppm Mo

  • Within 101.10m (from 23.40m to 124.50m) of 00.37% CuEq* (0.30% Cu, 0.045 g/t Au, 0.84 g/t Ag and 47 ppm Mo)

 

Note:
*Copper Equivalent (CuEq) for drill intersections is calculated based on three-year trailing average for each commodity (2023, 2024 and 2025) which equates to US$ 4.18/lb Cu, US$ 2,600/oz Au, US$ 30.54/oz Ag and US$ 21.46/lb Mo, with 80% metallurgical recoveries assumed for all metals. The formula is: CuEq % = Cu % + (0.907 x Au g/t) + (0.0107 x Ag g/t) + (0.00051 x Mo ppm). Since it is unclear what metals will be the principal products and as Khaleesi is an early-stage greenfield project with no metallurgical test work completed, assuming different recoveries is premature at this stage. As such an 80% recovery rate is justified.

Composite intervals are calculated using length weighted averages based on a combination of lithological breaks and copper assay values according to a 0.15% Cu cutoff and include a maximum of 12 meters of internal dilution. All intervals reported are down hole core lengths. True thicknesses have yet to be determined. Mineral resource modelling is required before true thicknesses can be estimated.

 

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