Bullseye is one of our most exciting properties in our portfolio with the potential to generate multiple gold discoveries in the near term. As you might remember last year, we paused drilling at Bullseye soon after announcing our first gold discovery “Horseshoe”, as NFG subsequently announced three new gold discoveries (Jackpot, Everest and K2) on the southern borders of our Bullseye property. We were patient but eager to bring back the drill rig as NFG continued to announce success at Jackpot and K2 and their first discovery of 2024 called Honeypot.

With the success at NFG’s Jackpot and Honeypot, their close proximity to our Bullseye’s eastern border, and the various second order faults that appear to track from Jackpot and Honeypot onto the southern region of Bullseye gave us confidence that south Bullseye is a compelling high-priority drill target. Therefore, we decided that now is the time to start the new 2024 drill program targeting the potential high grade gold extensions onto our Bullseye property.”

Jeff Swinoga