Red Lake Gold

The Red Lake district is the focus of significant efforts to redevelop its principal historical high-grade gold mining operations. Evolution Mining Limited acquired the Red Lake mining complex from Newmont Mining Corp. earlier in 2020¹, and has committed to a three-year, US$100M investment phase to restore the multi-million-ounce gold project to production². Pure Gold Mining Inc. announced it is on schedule for an initial gold pour in Q4 2020³ to begin underground production from the Madsen Gold Project, which is poised to become a top-ranked global gold producer. Against this background of historic asset re-development, Great Bear Resources has made a significant high-grade gold discovery on its Dixie property at the heart of the Red Lake camp⁴.

EMX’s Frontline Portfolio of the Duchess, Red Lake, Tilly, and Gullrock Lake claim interests form an integral part of Renegade Gold Inc’s flagship Red Lake Project. The Red Lake Project includes the direct extension of Great Bear’s LP Fault and the parallel Madsen Dixie Fault that cross directly over portions of EMX’s Tilly and Red Lake property interests. Additionally, the Gullrock Lake property includes the Red Lake mine trend, interpreted to project directly from Evolution Mining’s Campbell, Red Lake and Cochenour mines. High-priority geological, geophysical and “AI” targets, as detailed by Renegade Gold Inc⁵, occur on all of the properties EMX purchased from Frontline and for which EMX retains NSR royalty interests.

*Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.
¹ See Evolution Mining news release dated April 1, 2020.
² See Evolution Mining news release dated August 13, 2020 and “Red-Lake-fact-sheet-FY20_LR.pdf”. 
³ See Pure Gold news release dated June 24, 2020.
⁴ See Great Bear news release dated October 7, 2020.
⁵ See Renegade Gold Inc news release dated June 24, 2020.

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