Update 2020 EXPLORATION OBJECTIVES 2020 EXPLORATION OBJECTIVES 1. DISCOVERY OF A NEW, HIGH-GRADE MASSIVE SULFIDE ZONE Intersect a new zone of massive sulfides in association with the southeastern plunge of the E&L intrusion, accomplished by drilling long, strategic, and exploratory holes with borehole electromagnetic follow-up. Increase drill density to enhance resource modelling and extend known massive sulfide zones. Understand the controls on generating high-grade massive sulfide at E&L, including the evolution of the intrusion. 2. EXTEND THE FOOTPRINT OF THE E&L INTRUSION The E&L intrusion system remains open: continue to extend the intrusion at depth through exploratory drilling. Exploration of newly discovered, mineralized E&L-type gabbro float located ~1 km West of Nickel Mountain. Assess connection between northeast-trending melagabbros to the mineralized E&L intrusion. Understand the trending direction and morphology of the E&L system. 3. EVALUATE SURFACE TARGETS DEFINED FROM SCIENTIFIC ANALYSIS Vector towards E&L gabbros located along the regional trend of the E&L intrusion using geochemical, spectral analysis, and geophysical work with followup groundtruthing and mapping. Find further evidence of E&L or another Ni-enriched gabbro proximal or distal to Nickel Mountain. 4. EXTEND THE FOOTPRINT OF THE CASPER VEIN-SYSTEM Extend the Casper gold-sulfide quartz-vein system through identification of additional Au-bearing veins and understanding structural trends controlling mineralization. Investigate a link between the Casper and the Forest Kerr vein-system E&L NICKEL MOUNTAIN TOP 10 INTERCEPTS
INTERVAL WIDTH (FROM – TO) Ni % Cu % Co % Pt (g/t) Pd (g/t) Au (g/t) Ag (g/t) Ni + Cu (%) EL-19-82 Over 9.83 m (156.69 – 166.52 m) 7.24 3.64 0.21 1.35 2.66 0.78 7.77 10.88 EL-19-76 over 6.11 m (147.50 – 153.61 m) 7.54 3.54 0.22 1.18 2.20 0.66 8.43 11.08 EL-19-74 Over 7.67 m (96.58 – 104.25 m) 5.28 2.38 0.15 0.49 0.59 0.43 6.72 7.66 EL-19-53 Over 18.24 m (131.98 – 150.22 m) 7.12 3.81 0.19 1.27 2.69 0.68 7.65 10.93 EL-19-47 Over 9.32 m (113.81 – 123.13 m) 6.11 2.79 0.16 0.73 0.89 0.45 5.60 9.26 EL-18-20 Over 8.40 m (122.70 – 131.10 m) 7.77 3.29 0.21 1.16 2.33 0.79 8.75 11.06 EL-18-19 Over 5.74 m (118.13 – 123.87 m) 7.26 5.11 0.17 2.25 5.95 0.91 16.06 12.37 EL-18-16 Over 7.40 m (135.90 – 143.30 m) 7.89 3.92 0.20 1.85 3.42 1.07 8.77 11.81 EL-17-14 over 16.75 m (123.75 – 140.50 m) 8.29 4.24 0.19 1.96 4.47 1.13 11.12 12.53 EL-17-10 Over 10.28 m (176.40 – 186.68 m) 8.26 4.07 0.19 1.86 4.30 1.12 10.18 12.34