Orecap Highlights Discovery of Large, Never-Drilled Ultramafic Target at the McGarry Property

Executive Summary

• Orecap Invest Corp. announced the discovery of a large, never‑drilled ultramafic geophysical target beneath the sedimentary cover at its 100 % owned McGarry Project in the Kirkland Lake gold district.
• The target is highlighted by a deep Magnetotellurics (MT) anomaly extending from ~–250 m to well beyond –1,000 m, corroborated by concurrent Induced Polarization (IP) data and structural alignment with the Larder Lake‑Cadillac Deformation Zone (LLCDZ).
• Stardust Metal Corp., which holds a 75 % option on McGarry, will conduct an Ambient Noise Tomography (ANT) survey to refine the target geometry before undertaking the first drill program.

Key Details

• Geophysical Findings – MT survey reveals a large low‑resistivity body beneath the sedimentary unit; anomaly visible from ~250 m depth to >1,000 m. IP survey confirms similar resistivity and chargeability patterns in the upper 250 m.
• Target Interpretation – An interpreted folded ultramafic unit in disconformable contact with overlying sediments, forming a syncline plunging westward; considered analogous to lithologies that host nearby high‑grade gold deposits (e.g., Kerr Addison).
• Structural Context – The anomaly aligns with major district structures: LLCDZ, Armistice Fault, and Mill Zone Fault, reinforcing the geological model.
• Strategic Importance – The target lies adjacent to historic/high‑grade mines (Kerr Addison, Macassa, Upper Beaver) and represents a high‑priority drill objective with potential for significant gold mineralization at depth.
• Next Steps – Stardust will execute an Ambient Noise Tomography (ANT) seismic survey to obtain 3‑D density/velocity imaging, refine target dimensions, and guide the first-ever drilling of this ultramafic feature.
• Option Agreement Context – The McGarry Project was recently optioned to Stardust under a deal providing up to $63.5 million for a 75 % interest (referenced in Orecap’s November 18 news release).
• Qualified Person Review – Technical information reviewed and approved by Charles Beaudry, P.Geo., Director of Orecap Invest Corp., in accordance with NI 43‑101.

Notable Quotes

“If it is an ultramafic unit as postulated, it has never been tested in drilling or seen in underground workings and it is possible that the fluids responsible for the Kerr Addison deposit could have penetrated the domain lying beneath the sedimentary unit.” – Charles Beaudry, Director of Orecap Invest Corp. and Stardust Metal Corp.