TSX-V:COL   Last  $0.03 Change  0 Volume  2

Projects

Carmacks

Mineral Resources

The following table of mineral resources is related to exploration drilling in fall of 2015.

NI 43-101 Mineral Resource Estimate (March 10, 2016)

Zone Resource domain Class Tonnage (t) Total Cu (%) Acid-soluble Cu (%) Au (g/t) Ag (g/t) Sulphide Cu (%)
1,4, 7 and 7A Oxide Mineral Resource2 Measured 4,031,000 1.10 0.90 0.588 5.666 0.20
Indicated 7,949,000 1.04 0.83 0.391 4.039 0.20
ME+IN 11,980,000 1.07 0.86 0.456 4.578 0.21
Inferred 90,000 0.73 0.53 0.128 1.809 0.20
Sulphide Mineral Resource2 Measured 695,000 0.80 0.02 0.261 2.542 0.77
Indicated 3,645,000 0.74 0.03 0.205 2.296 0.71
ME+IN 4,340,000 0.75 0.03 0.221 2.369 0.73
Inferred 4,031,000 0.71 0.01 0.179 1.900 0.70
12 Oxide Mineral Resource1 Measured 522,427 0.50 0.37 0.097 2.446 0.13
Indicated 316,845 0.54 0.40 0.092 2.671 0.14
ME+IN 839,273 0.51 0.38 0.095 2.531 0.14
Inferred 36,156 0.55 0.40 0.106 3.716 0.16
Sulphide Mineral Resource2 Measured 177,629 0.49 0.12 0.074 2.299 0.37
Indicated 638,943 0.69 0.08 0.105 2.866 0.63
ME+IN 816,572 0.65 0.09 0.098 2.743 0.57
Inferred 263,008 0.52 0.06 0.076 1.883 0.46
13 Oxide Mineral Resource1 Measured 1,500,935 0.44 0.35 0.123 1.542 0.09
Indicated 315,081 0.38 0.30 0.120 1.311 0.08
ME+IN 1,816,016 0.43 0.34 0.122 1.502 0.09
Inferred 413,481 0.28 0.23 0.107 1.308 0.05
Transition Mineral Resource1 Measured 285,673 0.48 0.23 0.126 1.731 0.28
Indicated 358,543 0.70 0.30 0.161 2.286 0.41
ME+IN 644,216 0.60 0.27 0.145 2.040 0.35
Inferred 106,083 0.52 0.24 0.115 1.762 0.28
Sulphide Mineral Resource2 Measured 485,129 0.46 0.04 0.111 1.485 0.43
Indicated 1,803,693 0.57 0.04 0.126 1.891 0.55
ME+IN 2,288,822 0.55 0.04 0.123 1.805 0.53
Inferred 3,551,989 0.50 0.04 0.115 1.695 0.48
2000S Oxide Mineral Resource1 Measured 144,005 0.74 0.55 0.299 3.697 0.17
Indicated 266,873 0.60 0.46 0.191 2.853 0.13
ME+IN 410,878 0.64 0.49 0.229 3.148 0.14
Inferred 266,894 0.57 0.34 0.139 2.655 0.24
Sulphide Mineral Resource2 Measured 23,572 0.75 0.40 0.306 4.100 0.35
Indicated 599,286 0.73 0.11 0.183 3.445 0.62
ME+IN 622,857 0.73 0.12 0.188 3.470 0.61
Inferred 560,839 0.88 0.07 0.199 4.618 0.85
Total Mineral Resource for zones 1, 4, 7, 7A, 12, 13 and 2000S Oxide and Transition resources Measured 6,484,040 0.86 0.69 0.414 4.235 0.17
Indicated 9,206,343 0.97 0.77 0.357 3.796 0.20
ME+IN 15,690,383 0.94 0.74 0.379 3.971 0.20
Inferred 912,614 0.45 0.30 0.119 1.900 0.15
Sulphide Mineral resources Measured 1,381,329 0.64 0.05 0.185 2.166 0.59
Indicated 6,686,922 0.69 0.04 0.172 2.344 0.65
ME+IN 8,068,252 0.68 0.05 0.178 2.332 0.65
Inferred 8,406,835 0.63 0.03 0.150 1.994 0.61

Notes:

1. calculated at a 0.15% acid-soluble copper cut-off

2. calculated at a 0.25% total copper cut-off

For full disclosure relating the mineral resource prepared by Dr. Gilles Arseneau, P.Geo., see JDS Energy & Mining. 2017. NI 43-101 Preliminary Economic Assessment Technical Report on the Carmacks Project, Yukon, Canada", posted on www.sedar.com on 9 February 2017 ("the 2017 PEA").

The estimate of Mineral Resources conforms to the Canadian Institute of Metallurgy (CIM) Mineral Resource and Mineral Reserve definitions referred to in the National Instrument (NI) 43-101, Standards of Disclosure for Mineral Projects.