Initial work indicates a sequential vein development similar to the Alpala deposit.

Mining of the deposit, 185 km northeast of Val-d’Or, resumed in July after being disrupted due to pandemic restrictions in March.

The drill highlights include 115.6 metres of 1.39 g/t gold from 264.9 metres; 189.4 metres of 1.07 g/t gold starting at 287.5 metres; and 50 metres of 2.12 g/t gold from 196 metres.

Early-stage study suggests a seven-year shallow open-pit, heap leach operation, producing an average of 100,000 oz gold annually.

The company has released assay results for 10 reverse circulation drill holes.

The two companies are expected to negotiate and enter into a definitive option agreement by the end of September.