Update on Altyn Tor Gold Project of Avelum Partner LLC, Kyrgyzstan (our subsidiary company) – 2024 drilling program results reveal new high-grade intersections indicating potential to augment gold resources

We are extremely pleased to announce that 2024 drilling program results of Altyn Tor Gold Project of Avelum Partner LLC, Republic of Kyergyz (“Avelum”), our subsidiary, reveal new high-grade intersections indicating potential to augment gold resources. 

As previously reported, existing in-situ Mineral Resources currently stand at about 180,000 ounces in 3.2 million tonnes of ore grading 1.74 g/t Au (at a 0.5g/t Au cut-off grade). Another approximately 20,000 ounces is estimated, which needs to be confirmed by additional drilling.

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