96 96 Page 96 1 250 9 9 2 66 4 4 T S X V PGX A S HL E Y G O L D P RO JE CT W EST ER N CA DI L L A C L A RDE R L A KE BRE A K 10 000m DI A M OND DR I L L P ROGRA M I N P ROGRE S S 5 T AR G E T S T O B E S Y ST EM AT I C AL L Y T EST ED I N 2 0 1 7 4 N EW T AR G E T S D ER I VED F R O M PH ASE 1 O F EX PL O R AT I O N BR E AKS PO W EL L SY EN I T E AR C U A T E B EN D S 1 H I ST O R I C T AR G E T T H AT W I L L BE T EST ED T O D EPT H GA L A HA D HI G H G R A DE G O L D V E I N W I T H HI S T O R I C P RO D UCT I O N 50 099 OZ A U F R OM 157 636 T ON S OF OR E 03 2 OZ T 98 13 H E C T A R E S 24 248 A C R E S W I T H U N T E S T E D H I GH GR A D E GOLD V E I N A N D B U LK GOLD T A R GE T S H I GH W A Y A C C E S S H W Y 566 LOGG I N G R OA D S A T V T R A I LS T H R OU GH OU T F ORM E RLY RI CH F I E L D VEN T U R ES CORP T EAM S O LD TO NE W G OLD IN 2011 FO R 500 M EXP LO R A TIO N D ISCO V ERY WEA LT H P r os p e r G ol d C or p c om I n f o P r os p e r G ol d C or p c om logical Survey for working with us through our tar geting and providing valuable insights for Phase 2 Investment highlights include 10000m diamond drill program in progress 5 tar gets to be systematically tested in 2017 4 new tar gets derived from Phase 1 of exploration Breaks tar get Powell Syenite tar get Arcuate tar get Bends tar get and Ga lahad tar get 1 historic tar get that will be tested to depth high grade gold vein with his toric production 50099 oz au from 157636 tons of ore 032 ozt 9813 hectares 24248 acres with untested high grade gold vein and bulk gold tar gets highway access Hwy 566 logging roads A TV trails throughout formerly Richfeld V entures Corp management team sold to New Gold in 201 1 for 50 million Phase 2 drill pr ogram is targeting The Ashley Breaks Prospectors Option lies directly south of the Ash ley Mine area and is a profoundly disturbed pattern in the southern of three northwest trending regular mag netic bands frst recognized from last season s high resolution airborne sur veys The disturbed zone is about 3 km long and a one km wide The regular magnetic bands are interpreted as magnetic layers in the ba salt sequence The disturbed magnetic strip ing is inter preted to defne fve branching strands of a strain transfer zone in a steep dipping sinis tral transcurrent fault Drilling will assess the Ashley Breaks at branches bends and splays to test for gold miner Contd from pg 93 alization and evidence of strain and deformation Galaha d T ar get 100 Prosper Gold has many of the Y oungDavidson ear marks It is a narrow zone of deforma tion on a steep dipping crustal break called the Galer Fault a branch of the CLLB Cadillac Larder Lake Break The fault zone contains slices of ultra mafc rocks basalt syenite and green carbonate fuchsite mariposite bear ing ferrocarbonate The Galer structure juxtaposes Abitibi greenstone on the north side and inter mediate volcanic rocks on the south Drilling will test the known structure to depth beneath mineralizatio n at sur face and in historic drill holes none deeper than 1 10 m below surface Powell Syenite T ar get Alexandria Minerals Option is based on last sea son s results of the soil survey Soil sampling reveals core to mar gin geo chemical zoning over thesyenite The core has strongly elevated Pb S Hg Ag Sb As T e Zn Mn and the north mar gin or halo zone has high Mo Cu W Ni Li Co Core to halo zon ing is also seen in the airborne mag netic data which displays a magnetic mar gin and a much weaker magnetic core Similarly resistivity is elevated in the core compared to the mar gins The core to mar gin geochemical and geophysical zoning is interpreted as the refection of a hydrotherm al sys tems demagn etized core Historic exploration focused on the north mar gin of the syenite where it abuts the CLLB this season s drilling will test the demagnetized core of the syenite body outward to the mar gin where the CLLB cuts syenite Arcuate T ar get Alexandria Miner als Option is a new tar get identifed Phase 2 Drilling Pr ogram has Ashley Pr oject looking good Contd on pg 97 Page 97 from last season s soil geochemical surveys It is a 2km long narrow linear multielement Au Ag Cu Hg S soil anomaly coinc ident with a total magnetic feld TMF low and strong gravity radiometric and resistivity sig nals The linear feature runs northeast between the Ar gyle McGill and Sunisloe gold occurrences The arcuate feature roughly orthogonal to the volcanic sequence terminates at its north in a circular multielement soil anomaly over the west mar gin of a syenite stock The geochemistry and geophysics together are interpreted as the evidence of a steep dipping fault that crosses the greenstone belt Drilling will test beneath the interpreted structure and beneath the syenite Bends T ar get Alexandria Minerals Option is about 1200 m east of Ashley where the interpreted trace of the CLLB between ultramafc rocks and basalt bends from its general northwest trend to turn westward and then back northwestward It is marked by deep total feld magnetic lows on the north The western bend is inter sected by a linear magnetic high presumably marking a north trending diabase dyke Drilling will test the fault bends as well as the area where the dyke crosses the western bend Contd from pg 96 C o n t a c t o u r s a l e s t e a m a t 7 0 5 8 9 7 4 9 5 5 Special purpose mining vehicles Mobile equipment parts Custom machining fabrication