Refined Energy Successfully Intersects Targeted Unconformity in Maiden Drill Hole at Dufferin West; Advances Drilling on High-Priority EM Conductor

Executive Summary

• First maiden drill hole (DW26‑001) at the Dufferin West property reached the targeted unconformity depth of 332 m and was completed to 432 m, validating Refined Energy’s geological model.
• Second drill hole (DW26‑002) is now underway, targeting the same high‑priority EM conductor and associated structural fault.
• Ground gravity survey of 817 stations across ~530 ha has been completed and incorporated into targeting for the upcoming third hole; the initial three‑hole program totals ~1,200 m with a budget of ~$1.7 M.

Key Details

• DW26‑001: Intersected unconformity at 332 m; total depth 432 m in basement rock; core logging and laboratory assay pending.
• DW26‑002: Commenced ~100 m south of DW26‑001; designed to test EM conductor and gravity low linked to a N70 structural fault.
• Ground Gravity Survey: Conducted by MWH Geo‑Surveys; 817 unique stations on a 50 × 100 m grid covering ~530 ha; data used for second hole targeting and future third hole planning.
• Exploration Plan: Minimum three drill holes, ≈1,200 m total depth; oriented core collection for geological and structural interpretation.
• Budget: Approximately $1.7 million allocated for the maiden drill program.
• Option Position: Refined holds an exclusive option to acquire up to 75 % of the 10,140‑ha Dufferin Project from Eagle Plains Resources via cash, shares, and exploration expenditures.

Notable Quotes

“Completion of the first hole marks an important milestone in our inaugural drill program at Dufferi​n West… With the second hole now underway and new gravity data incorporated into targeting, we look forward to advancing this prospective structural corridor.” – Mark Fields, Chief Executive Officer, Refined Energy Corp.