Jefferson Canyon

    • Contains a large volcanic-hosted epithermal Au-Ag system
    • Same age and shares many similarities with the nearby Round Mountain deposit, which is a world-class low-sulfidation (LS) epithermal deposit (~23M oz Au, Kinross 2020)
    • Both are hosted in felsic ash-flow tuffs along the margins of calderas and both contain a strong northwest-trending structural control to veins
    • Jefferson has extensive Au-Ag mineralization in surface rocks, coincident QSP alteration, a 4sqkm gold-in-soil and supporting geophysics and 118 drill holes
    • A circular 4 square kilometer gold-in-soil anomaly identified
    • Drill hole GJ81 returned an impressive 41.2m of 6.4 g/t Au and 402 g/t Ag, including 1.5m of 88.7 g/t Au and 2021.7 g/t Ag  (CR Exploration Co., 1985)
      (The qualified persons have not verified the historical analytical data and procedures of previous operators related to drill hole intercepts stated)
    • Expansion potential is very good

      Kinross October, 10, 2020 Operations Update
      Round Mountain 2019 Gold Reserve & Resource Estimate
      2.4Moz Au: 2P Reserves
      2.8Moz Au: M&I
      1.0Moz Au: Inferred
      15Moz Au: Past Production

Low Sulfidation Gold-Silver Model

Schematic section showing typical alteration and mineralization patterns in a low sulfidation system. Modified from Hedenquist et al. (2000)